I noticed that to and it didn't help in trying to consolidate all the various advances. What is strange is that the advances seemed to have a due date in about one year's time that the funds were given to Liberty. That $3,000,000 advance was initially given on Feb 5, 2010, coming due on Feb 5, 2011, as listed in Q2. Now suddenly in Q3 its due date is Oct 17,2010? A typo?
The July 16,2010 advance of $1,400,000 had a due date of Nov 7, 2010, less than 4 months. Now its due on Nov 17,2010.
Just speculating but I wonder if these advances had anything to do with the recent management change? Between Nov 7th, 2010 to Dec 17th, 2010 theres about $10,000,000 coming due. Some of those dates have come and gone so I assume as before that they were all re-written into the future.
Thats why I say the next few press releases from the company will be so important to digest. A new direction by the new CEO (with a push from the owners) may have to be given.
In my mind its very clear from these advances that for Hart to proceed in April 2011 more money from JIIL will have to be advanced.
