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Re: lizardlover post# 37707

Thursday, 03/10/2022 8:13:51 PM

Thursday, March 10, 2022 8:13:51 PM

Post# of 44493
How do you know this isn't the best deal for them? They did pay $102k to the placement agent to try and get them the best deal available, so you think this deal isn't it?

The NOTE CANNOT, I repeat CANNOT be converted into shares until they are in default. As long as the company is making payments and pays off the note in a year, no conversion.

A warrant that has 5 year term for only 22 mil and lock-out agreement. Yes I hate that the lender got the warrant for cheap but it isn't bad.

I guess I need to read an example of a good otc loan to better educate myself.