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Monday, June 02, 2014 4:28:06 PM
he agreement also calls for Cenco to provide two one year 8% loans to the Company with stock conversion rights. The first loan will be $50,000 (fifty thousand) due when the agreement is signed and the second loan in the amount of $40,000 (forty thousand) is due on June 2, 2014.
Looks like the $90,000 loan is seperate from them puting up the money to build the first plant. Theres no way a plant cost 90,000 and ive heard it cost 3million.
If they put up the 3million and take 70% just so we can prove this works its game time
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