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Post# of 122015
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Re: mrkirby post# 55250

Tuesday, 03/24/2015 4:53:05 PM

Tuesday, March 24, 2015 4:53:05 PM

Post# of 122015
Can HEMP make the May installment with "movement"?

And I get what you're saying, but in the 3Q/14 filing, Perlowin outlined the terms of the August, 2014 $1.6M loan/note used to buy the land and generate cash for the buildout of the plant, and it requires a $297K installement to be made by May 12, 2015:

The Note further required the Company to issued 5,000,000 Common shares, 10,000,000 five year $0.10 Common stock warrants, and six amortizing payments of $296,667 for a total of $1,760,000 beginning on May 12, 2015. The Note is convertible to Common stock at the election of the Company.


Since the plant is generating no cash flow, with what will they pay the installment?

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