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Re: megazoo post# 16988

Saturday, 05/28/2022 8:22:21 AM

Saturday, May 28, 2022 8:22:21 AM

Post# of 21240
Problem is debt interest expense. The only way out of this mess is Safe Banking relief. Margins will come down as more and more competition comes in. Any successful business knows the impact of high interest rates. A $10 mil dispensary with 15% interest becomes about a $17 mil. dispensary with accrued interest after 5 yrs. If nothing is addressed with this issue very soon the common shareholder will suffer badly. Insiders hold lots of these notes have/are profiting immensely. Also in the event of default these holders(insiders)have the rights as the whole company has pledged all of these assets.

Time for Dye to start addressing this issue and not play the ostrich in the sand. Explanation of these notes and the interest is a priority. Again, look at these liabilities on the amendments and terms. Need some real conversation on this subject as it is real.
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