He's put in a great effort...and now his own money (Last gasp? Maybe. But I don't think so right now....)
2022-11-04 17:13 ET - News Release (excerpt from Stockwatch)
Mr. Vlado Hreljanovic reports
EASTOWER WIRELESS RECEIVES CASH INJECTION FROM MANAGEMENT
Eastower Wireless Inc. has received a cash loan from its founder and chief executive officer, Vlado P. Hreljanovic, to assist with meeting current working capital requirements.
Mr. Hreljanovic has loaned US$90,000 to the Company pursuant to an unsecured demand promissory note bearing interest at 8% per annum from the date of issue, payable on maturity. The loan is unsecured and is fully redeemable, without bonus or penalty, at any time by the Company.
"While we continue to experience significant demand for our services from our clients that consist of some of the largest telecommunication and tower companies in the country, we require financial support to capitalize on this opportunity," said Vlado P. Hreljanovic, CEO of Eastower. "Due to the scarcity in the current capital markets and my personal confidence in the company, I have agreed to support the business financially with an interim loan as we continue to pursue a number of financing opportunities."