Debt to EquityHey 2udad,
That would make sense to me....but for that to happen then you would think Stormont would be eating up as many shares as they could get their hands on. Stormont just did purchase about $500,000 worth via the guarantee, but also sold about $150,000 to cover part of it.
I do think Stormont would like to buy more at these levels, but Bryden has his hands in other businesses and it's tough to free up cash.
Very good point about those individuals taking shares for debt at 9.5 cents. Also remember that as of the last set of financial statements PharmaGap is indebted to Stormont for $793,023. A leading indicator for the share price will be when that sum of cash turns into shares.
In regards to raising money going forward, I think there are lots of creative ways to spark interest from both retail and institutional . I have passed one off to Bob and I hope he acts upon it. Trend had a good idea as well. The big issue with raising funds right now is that there doesn't seem to be much significant news before the end of Q4.
I will work for free for this company, as I just want them to succeed. Mr. Bryden is from the maritimes originally....about an hour and a half drive from where I grew up. He is very likeable guy who knows way more than I ever will when it comes to running a business. He will get the job done along with Sokoll and the rest of management.