Dr Foods Inc. (DRFS)

[The Northern Light]

All the tranches due March 20 are paid in full. 

There was also a $36,750 note that is paid in full. 

The $100,000 note that matures on 7/23/16 has $1,897 left unpaid. Yay! 

The $900,000 note that matures on 3/21/19 has $669,290 left unpaid. If you look, they are executing payments on this every two weeks. So we can expect that small dilution to occur for now... 

There are two $35,227 notes due 10/14/17 and no payments have been made yet. 

So overall, we can expect small dilution to occur for a bit...BUT the ones maturing anytime soon are paid down/paid off in full. 

They did enter into a new $250k agreement, but have only exercised $25k of the loan so far. 

All this could be paid off with the River North deal...so we will wait and see. In talking with Jeff Stockdale a week ago, we should expect this in the near future (revised deal).