Question: =+Emma: So the auditor thinks that we should classify the additional issuance of $10 million as debt, not stock! And, if we put the $10

=+Emma: So the auditor thinks that we should classify the additional issuance of $10 million as debt, not stock! And, if we put the $10 million on the balance sheet as debt, we will violate our other loan agreements with the banks. And, if these agreements are violated, the banks may call in all our debt immediately. If they do that, we are in deep trouble. We’ll probably have to file for bankruptcy. We just don’t have the cash to pay off the banks.

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