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autovaton

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autovaton

Re: busterator post# 3188

Wednesday, 09/26/2018 1:39:56 PM

Wednesday, September 26, 2018 1:39:56 PM

Post# of 4448
Just got an email back from Bruce. 10% is annual rate as I thought, not monthly.

What I asked: "About the Promissory note for up to $750,000 from MAAB. 10Q mentions that the 10% interest is compounded monthly. I am assuming that that is a 10% annual interest rate that is compounded monthly, not 10% per month. Wasn't clear to me from the 10Q."

His response: "Correct interest is 10% per annum"
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