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stocks018

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Re: DocSands post# 3229

Wednesday, 07/21/2021 8:05:21 PM

Wednesday, July 21, 2021 8:05:21 PM

Post# of 5348
the answer: "Promissory notes consist of various unsecured notes bearing interest from 0% to 12% per annum" High interest rate during startups... old problem out there.

What's important is that Promissory notes has decreased significantly to $289,753 from $462,781. They would want to pay that off this quarter to clean up toxic debt from the books. There is an SBA loan but they don't have to worry about that until 2022.
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