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Re: idcc2006 post# 27242

Thursday, 07/07/2016 10:16:20 AM

Thursday, July 07, 2016 10:16:20 AM

Post# of 30990
I really think company needs to make monthly decisions public unless or until negotiations make things more definite and certain and that should be announced as well.

For making the monthly principal and interest payments.. before each payment amount became less certain and subject to negotiations... If I am reading things correctly... it is 8% interest on all amounts loaned and the principal portion is 1/20th of total amounts released from restricted accounts.

This would break down to interest of about $125,000 monthly.. and principal payments of 1/20th over amount advanced and released from restricted accounts, which would be now about $250,000 per month..

The stock price used would be 80 percent of lowest 5 days average price.. over last 40 days or about 7/10ths of a cent.

so company would either pay between 350 and 400 K in cash or with total number of shares of stock by dividing this by 7/10ths of a cent.. or a little more than 50 million shares this time around plus maybe more shares since this is negotiated share total if company opts to pay with stock.
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