Helios and Matheson Analytics Inc (HMNY)

[chereb19]

So the lender has given 20million of their cash without expecting it to be returned? The loan is at 3%, their notes were offered at something like a 15% discount paying 5% or 10% interest depending on wether it was restricted or unrestricted prinicipal.

The note holder agreed to rip up part of the convertible note to offer a non-convertible loan at a better rate. Do you really think they would do this to a company that wasn't near to break even or even profit?