InvestorsHub Logo
Followers 122
Posts 7949
Boards Moderated 0
Alias Born 07/22/2003

Re: stervc post# 55940

Tuesday, 09/17/2019 9:47:22 PM

Tuesday, September 17, 2019 9:47:22 PM

Post# of 70630
SIML shows total toxic debt owed in their 6/30/19 10Q of $1,058,247 net of discount of $662k. But they paid off $2M? That's way more than they show is owed. Either the pre-payment penalties paid were humongous or they've got way more toxic debt than they're fessing up to. Either way, it doesn't add up.

However, if the discount is actually added back in for what's actually owed, then $2M comes close to paying all of it off, if not for the penalties.

Emotion free objectivity. Keep the chart simple, stupid.