Capital Financial Global Inc (CFGX)

[waterchaser]

Boggles the mind yes? A 36% loan? C’mon man, who is that stupid?

On August 28, 2018, the Company executed a promissory note payable to an unrelated private investor for $1,000,000 for the purpose of collateralizing an application for an operating credit facility. The $1,000,000 is currently being held in escrow (see Note 4) pending completion of the company’s application for a credit facility to fund operations. The note bears interest at 36% per annum and matures on November 28, 2018. As of March 31, 2019, the balance of the note, including principal and interest, was $1,214,000.00.