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PennyStalker

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PennyStalker

Re: usandy post# 211970

Friday, 05/22/2015 12:21:13 PM

Friday, May 22, 2015 12:21:13 PM

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Last page of audited Seergate financials mentions convertible loan that was converted in February 2015.

But Exhibit 10.27 shows $5,000,000 in liabilities at March 31, 2015 (after the conversion happened).

This is what he needs to explain.

You should ask him... I would but I can't... Clarity would be helpful

By the way, on January 31, Ed said Seergate was debt free... They clearly had convertible loans as at that date...
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