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Re: DSherman post# 76889

Monday, 09/22/2014 4:01:43 PM

Monday, September 22, 2014 4:01:43 PM

Post# of 183455
Factor Fund loaned $2.65 Million to Pervasip in 2013, all due for December 31, 2014.
All conversions seem to rely on exemption 4(2), which allows at most $1M worth of shares to be issued per year.

How can you repay $2.65M in less than 2 years, by paying at most $1M per year ???