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Friday, March 10, 2017 8:17:28 AM
It's a 2 year promissory note that gives ICLD the option to pay back the lenders out of their revenues over these next 2 years.
However because it's a promissory note ICLD does still have to make sure there's room in their share structure for the conversion feature...hence the planned 4:1 r/s around march 31st.
With that said todays revenue generating news added on to all of ICLD's other revenues already flowing...clearly provides an excellent snapshot that ICLD should easily be in a position to pay back the promissory note out of their revenue flow of these next 2 years...so IMO only there's nothing to fear here whatsoever about the small r/s
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