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Saturday, March 11, 2017 11:14:33 AM
"the company has basically sold off one of its operational units for a $4 million upfront payment and up to $0.9 million in additional working capital"
That new loan, if I recall, is about %550K. They stand to get $900K later this year as part of that sale, meaning they could retire the loan early.
Sorry if everyone else got that, but I was thinking they'd have to use profit to pay the loan down, but they have a nice bonus coming that could do it.
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