Chemesis International Inc CADMF

Will they get the $1.25 Million loan plus interest

[guyf1963]

From gsrx and the former shoe sales dude before another PP is announced?  say an upcoming PP at $0.07 usd, that would reduce the PP by more than 20,000,000 shares. My guess, They wont as in my opinion some need to get the cheap paper.  Who cares about dilution huh.

[guyf1963]

During the year ended June 30, 2021, the Company’s subsidiary GSRX advanced US$1,250,000 to an entity controlled by Shaun Dale, a director of GSRX. The note receivable bears interest at 12% and is due on demand commencing on December 31, 2021. The Company has discounted the expected cash flows to be received by GSRXassuming even repayments over a period of 10

[guyf1963]

Chemesis could get potentially 66% of the loan

[dart321]

Do you really think any of it will be paid back and what assets does he have to secure the loan with. This is one of the ways insiders give themselves the money in the coffers of the company the most used method is consulting fees.

[guyf1963]

I know they wont. Csi and gsrx are great at hiding. Gsrx has yet reported their Q for more than 1 year and they surely dont want to have other assets. Better to have the former shoe sales guy and the principal benefitting from a loan. Sad state of affais. 66% of that loan back could have prevented large dilution. Lets see if they push it down to $0.05 cdn for another 10:1 split and PP after or a

[guyf1963]

I know they wont. Csi and gsrx are great at hiding. Gsrx has yet reported their Q for more than 1 year and they surely dont want to have other assets. Better to have the former shoe sales guy and the principal benefitting from a loan. Sad state of affais. 66% of that loan back could have prevented large dilution. Lets see if they push it down to $0.05 cdn for another 10:1 split and PP after or a