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Myth

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Myth

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Tuesday, 11/10/2015 10:05:03 AM

Tuesday, November 10, 2015 10:05:03 AM

Post# of 105534
Cash infusion by Red Oak went ENTIRELY to pay down the debt, next payment not due until March of 2016....

Debt Repayment

On April 15, 2015, the Company made a payment to Tonaquint in the amount of $750,000, principally with the funds from the Red Oak Agreement. This pre-payment in accordance with the settlement documents between the Company and Tonaquint, applies to payments due on August 17, 2015 through February 17, 2016 (7 months); and a partial payment of $50,000 to the $100,000 balance due on March 17, 2016.

http://www.sec.gov/Archives/edgar/data/1289496/000135448815003826/cbai_10q.htm
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