ERF Wireless, Inc. (ERFB)

[ars_2014]

Remember this PR?? Looks like WISPer will not be lending the remaining portion b/c DUMB AZZ CUBLEY probably showed his TRUE COLOR of being a FAILURE!! if you do the math, there's 846,565.00 left from this agreement and most likely it's been cancelled b/c we would be hearing more from this remaining balance, you know how DUMB AZZ CUBLEY operates, he likes to put out fluff PR's so he can LIE MORE or find more SUKCERS INTO HIS EMPTY SHELL!! LMAO!!

http://ih.advfn.com/p.php?pid=nmona&article=64740919

LEAGUE CITY, TX, United States, via ETELIGIS INC., 12/10/2014 - - ERF Wireless Inc. (OTCQB: ERFB) announced today that on December 4, 2014, it closed its second lease schedule with its Senior Lender, WISPer Ventures Leasing LLC, in the amount of $1,250,435 under a $2,500,000 three-year Master Lease. Funds received previously under the first lease schedule of $403,000 were dedicated to the repayment of convertible debentures and that process is ongoing. Under the terms of the second lease schedule, the financing proceeds were used to retire our remaining ERF Wireless Inc. bridge loan and to restructure another term loan. Specifically, the unpaid existing balance of a $1,000,000 bridge loan with three individuals was completely paid off including penalty and interest. In addition, a term loan with Dakota Capital Fund LLC, a South Dakota limited liability company, and was paid down by $603,970.56 and the balance was restructured as an interest only one-year note due December 4, 2015.