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StocksAnonymous

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StocksAnonymous

Re: turokman post# 73142

Thursday, 02/26/2015 7:20:30 PM

Thursday, February 26, 2015 7:20:30 PM

Post# of 80866
Exactly, the distinction to be made here is that they are being given a LOAN as opposed to the LINE OF CREDIT that they already have. This loan is a lump sum that is paid off over the term of the loan. The LOC that they have is only drawn upon when needed. This tells me they were specifically in need of $4 million today for an undisclosed reason (most likely product launches).

I also agree with Jimmy Jams, ANB Bank wouldn't be issuing $8 million in credit + a $4 million loan if they didn't believe the company would be able to generate cash flows and pay them back. Period.

$MSLP - Proprietary ™

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