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Post# of 107737
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DarthYoda

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DarthYoda

Re: Homebrew post# 18062

Tuesday, 12/06/2016 5:23:34 PM

Tuesday, December 06, 2016 5:23:34 PM

Post# of 107737
Well, Yazbeck has had plenty of opportunities to "purposely default" on the YCIG loans and hasn't as can be seen on page 23 of the 10q. Why hasn't he? If he intended or intends to default, why pay any of the previous YCIG loans off at all? According to your interpretation of the loans and their purpose, he has already chosen to cut himself out of future "profits."

He has loaned the company $275k total as can be seen on the same page (23) of the 10q. He has already chosen to pay back $75k of it. Referring to the YCIG loans as some individual $200k loan in a vacuum that is just waiting for default is inaccurate at best. It has been incrementally borrowed and incrementally paid.
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