Interesting to see if we have paid off all of the outstanding debt.
Debt and Other Commitments
We currently have unsecured convertible term debt with a principal amount of $243,601. Our plans are to make future principal and interest payments with shares of common stock, subject to maintaining the $0.10 minimum share price and other covenants of the term loan. Aggregate principal and interest payments due to mature in November 2009 are $248,165 with the July and August 2009 payments of $50,000 each paid in shares of common stock rather than cash.
The increase may be the loan payment $ 248,165 X .10 = 2,481,650 SHARES ?
TR
