Saturday, February 18, 2017 6:44:57 PM
Bullshit.
That's deflection numbers 2 and 3.
Meyler (#1) had nothing to do with my post.
Rules(#2) and workpapers (#3) had nothing to do with my post.
We can talk about that 2015 note if you like...it's terms and timing are fascinating...but if Group 10 was upset about it the fact that they are still extending credit to TAUG VERY profitably either suggests that they are over it or they are being compensated to get over it.
What's in it for CEO Shaw?
The latest filing says this about that July 14, 2015 $80,000 loan.
"On December 6, 2016, Group 10 formally notified the Company of the amount of the default penalty being charged under their default penalty clause. This penalty resulted in the amount of $348,000. The current amount as demanded by the note holder was recorded as interest expense."
I wonder how and when that will be paid (if it's paid).
I was given that information....I don't know.
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