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bluestem1

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bluestem1

Re: NewJerichoMan post# 636

Tuesday, 12/13/2016 12:59:15 PM

Tuesday, December 13, 2016 12:59:15 PM

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Yes, there was an updated filing yesterday, REED was able to get an extension out to January 1, 2019, but the company will begin making monthly payments on the CapEx loan in Feb 2017, my calculation is $120K per month in principal and interest. The company has taken on quite a bit of debt to finish the LA plant and can't seem to get to the economies of scale to be profitable.

I am waiting on the soda fountain and to see if they can win the Panera Bread contract. Maybe it is wishful thinking, but I don't expect to be here for much longer.
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