SiNtx Technologies Inc (SINT)

[boston745]

CL & I have been trying to understand how Amedica is paying 800k a month in principle & interest payments. Well we think we figured out how:

Monthly payment is: $617,582.33 based on current interest rate 13.45%

800k - 617582.33 = 182,417.67 additional being paid.

If you look at Hercules Q2'17 10Q Amedica's principle balance is 4.1m just like it should have been end of June. So what possibly is the 182k being applied to?

The Hercules Term Loan also includes a non-refundable final payment fee of $1.7 million. The final payment fee is being accrued and recorded to interest expense over the life of the loan

Q3'16 10-Q

There you have it, the final payment fee which comprises 1.45m end of term fee, 200k closing fee, & .75%(?) prepayment fee is being accrued as interest expense. Thus 800k is being paid toward principle and interest.

1.7m / 182,417.67 = 9.32 months. Meaning that this fee should be paid off October if they have been paying at this rate since January.



2nd Column assumes Underwriters exercised their 15% option and includes Sonny's 2.5m loan.

3rd Column adds in a 2.5m payment from Zimmer in June.

Numbers are based on the information in June's PR indicating 1.3m cash lost each month to pay principle, interest, & cash burn.