![](https://investorshub.advfn.com/uicon/151394.png?cb=1604004052)
Wednesday, January 03, 2018 12:45:26 PM
He could have lowered the usury interest rate at any time over the last 4+ years. He didn't. He has shown no indication he wants to or will.
The 2 12% notes due this year would jump to $9.9 million due on a 3 million dollar loan.
The 1 12% note due next year jumps to $3.3 million on a $1mm loan
And the demand notes go to somewhere between $4-5mm
So shareholders would be liable for $18-19 million due to Heddle on @ 5-6 million loaned.
No legit Board of Directors would allow a CEO to fleece a company of @ $12-14 million in interest.
That money would come directly out of shareholder value and any possible new investors would seriously impaired immediately upon entering if the notes are rolled.
And forget savvy institutional or the like....that would be the largest red flag ever.
And Heddle would be foolish not to collect as soon as the money is in hand.
If his intent was to roll the notes he would be have announced it with the PR.
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM