"But I seriously question the effort made to capitalize on the money they have borrowed (sold stock to acquire working capital) as well."

What rates would you have charged a company having no real value, other than the IP?

Call it whatever you wish, but it's all high risk without ratings(not that ratings have any value any more...lol)

I'm here at high risk....and have always considered it just that.....no guarantees.

For the moment I have no concerns.....and never had concerns over financing arrangements.

doni