InvestorsHub Logo
Followers 10
Posts 232
Boards Moderated 0
Alias Born 06/18/2015

Re: rjbluesky post# 10935

Tuesday, 01/12/2016 5:44:53 PM

Tuesday, January 12, 2016 5:44:53 PM

Post# of 74499
You misunderstand... this is simply the second installment of the total $1.6M amount to be loaned. There is no separate deal going on here.

As Hartman stated in the PR for this financing deal, BIEI is using the proceeds for operational funding and to consolidate outstanding debt. The succession with which these two notes were issued leaves but 2 options for its use, namely:

1) JV consultancy fees

and/or

2) Consolidations of prior debt

There is nothing new here, nor surprising.

Everyone needs to calm down and wait for JV news, just like before.

Good Luck to ALL

-Lord