Friday, May 06, 2016 12:13:17 AM
I did a rundown of the financing and here it is:
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 North River 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)."
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
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