RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Second News ReleaseCorey, can you read financial statements? Direct quote "ended December 31, 2016 and as of that date, the Company’s deficit was $13,156,252.". You understand the difference between deficit and debt right? If you read the financials, Note 7 shows that there is half a million dollars owed to Officers and Directors of the company. No repayment shedule so it will be paid as the company has the cash. If there was any "debts" owed to financial institutions or other parties there would be a schedule and payment information provided in a note. The deficit is actually a positive for the company, it can be used to write off future profits against to save on taxes. Also more than half of the current quarter loss, was share based compensation. This quarterly loss gets transferred down to the "deficit" total so do you want to take another stab at this number and try to redeem yourself by explaining it to this board? I love it when investors try to prove their intelligence by trying to scare investors only to find out they have no clue what they are talking about! Anyone who wants to understand the liabilities portion of the current financial statement only needs to read Note 7 to understand....
Of course interest is accrued and paid to people who advance money to the company, do you think if we got a bank loan or other instituational loan we would not pay interest?? Companies pre-revenue do not have the ability to go to the bank from loans so this is standard practice. As a shareholder do you expect the officers and directors to just loan the companny money in the early stages for free to your benefit? And you call others naive??? There is also a possibility that in the future they just write off the accrued interest, not all accruals end up getting paid. The accountants of the company would force the officers and directors to at least accrue the interest.
For someone who says they are invested in this company, you are either dumb because YOUR DD tells you to sell, or trying to sell a story to potentially panic others. You also seem to care about the star system which is the stupidest aspect of all Stockhouse, that system is used as a weapon as opposed to an aid in most cases.
To me the most telling sign of what the people who know the most about the company think of the future is "insider sales". Please look back on Canadian Insider and inform me of a single share sold by insiders, even at the highs of almost $2.00.
Glta