Monday, June 12, 2017 12:10:59 PM
Bank Lines of Credit and Notes Payable
We have a number of various unsecured credit card obligations. These obligations require minimal monthly payments of interest and principal and as of March 31, 2017, have interest rates ranging from 3.99% to 52.9%. As of March 31, 2017, we have outstanding balances related to these obligations of $388,580.
Only someone as socio-pathologically callous to his own investors would borrow 388K on credit cards at up to 52%. But scum bum berge will never pay it back, deceived investors who will never see their money again will pay for it.
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