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moneyman51

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moneyman51

Re: None

Friday, 07/08/2022 10:56:50 AM

Friday, July 08, 2022 10:56:50 AM

Post# of 63466
Ive got to be reading the 8k wrong? $500k loan agreement for 5 yrs agreement. But has a $130k interest payment to cover thru 12/22? Plus 2M shares pledged? In case of default interest rate goes to 18%? Isnt $130K in interest for 6 months on a $500K loan a hell of a lot more than 18% annual rate?

Anyone with better understanding, please help on this one.

Good day to all.
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