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Re: None

Friday, 09/22/2017 11:29:43 AM

Friday, September 22, 2017 11:29:43 AM

Post# of 50981
I'd advise a VERY careful reading of the credit agreement.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11953591

For example. winkwink
"5.1 Loan Requests . Subject to Section 2.1(a) and Article 3 hereof, the Loans shall be made available to Borrowers in accordance with the terms and provisions of this Agreement, up to the then applicable Revolving Loan Availability; provided , however , that, notwithstanding anything contained in this Agreement or any other Loan Documents to the contrary, each Revolving Loan requested by Borrowers under this Agreement shall be subject to Lender’s approval, which approval may be given or withheld in Lender’s sole and absolute discretion. A Revolving Loan may only be made if no Event of Default shall have occurred or be continuing, and only if no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute an Event of Default under this Agreement or the other Loan Documents, and shall be subject to: (i) Lender’s preparation of a Borrowing Base Certificate, showing that there is borrowing availability under the Revolving Loan Availability and pursuant to a calculation of the Borrowing Base Amount; and (ii) Receipts deposited into the Lock Box Account, Eligible Accounts and other Collateral being acceptable to Lender."

Pay particular attention the "borrowing base".

Good luck!

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