Greystone Logistics Inc. (GLGI): Debt to GLGI is about $13.5 million, if...

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Greystone Logistics Inc. (GLGI)

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Re: MrT11 post# 494

Monday, 03/07/2016 10:49:27 AM

Monday, March 07, 2016 10:49:27 AM

Debt to GLGI is about $13.5 million, if you consider the accrued interest on the Rosene loan as additional debt.

Revolving loan: $650,000
Rosene loan: $2,066,000
Other loan: $57,098
Rosene interest: $2,306,325
new Commerce loan 1: $3,000,000
new Commerce loan 2: $5,447,504

Total: $13,526,927

The GRE loan for $3,108,727 isn't paid by GLGI...it's just consolidated (along with the real estate that secures it).

Why do you think next Q will show a bigger loss?

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