More importantly is the question of the loans being paid off on time this month. I know it was stated by the company awhile back that was the plan. However after borrowing an extra $1,400,000 in mid-July it makes one wonder if the two loans were paid off in time or extended once again?
I would think that this company owes the public a news release with exactly what happened to the two loans that were due on Aug 17 & 24. Which if I recall was worth about $2,300,000 in total.
As well they should indicate if they are on target (cash flow wise) to pay back the much larger $2,000,000 loan due in Sept.
Just an opinion based on the last MD&A.