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Thursday, August 18, 2022 10:37:57 AM
This is what I would call toxic debt ...12%/22% default interest with option to convert at 75%. This is debt taken out in Q2 when we were supposedly done with this type of financing. One may argue we knew about this debt already (did we ... can't recall for sure ... think so) & they have made payments, but if we define "new" as in "filing from last week", this is new debt, just as the above is.
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