quinlash's statement below is a typical exampleof misleading and inaccurate information being posted - either by design or by lack of knowledge of how to read a financial statement, in this case the Balance Sheet.
If you pay debt with cash, certainly it reduces the debt reported - but there are two sides to an accounting entry - and as most would know, the cash reported is also redcued.
If you pay debt with shares - especially when you dont have the cash is a huge red flag and dilutes investors share value - so who can answer what the other side of the accounting entry is when you pay with shares.
The next quarter WILL show lower debt - what else will it show to offset that?
Post by
quinlashon May 14, 2024 10:19pm 
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Post# 36040199
RE:RE:What’s another 13 million shares here or there
They swapped debt for shares, it's literally stated in the filing. This means the next QTR report will reflect lower (again) debt levels