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Post# of 45771
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JustJack

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Re: JustJack post# 45765

Wednesday, 08/30/2023 1:22:18 PM

Wednesday, August 30, 2023 1:22:18 PM

Post# of 45771
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5. The Company maintains a large number of outstanding loan obligations. To avoid default, the Company
negotiated with its lenders and creditors and obtained a moratorium on interest charges until no sooner than June
2024. At that time, the Company committed to renegotiate the interest based on the current prime rate plus a
percentage. However, interest is not accruing at this time and will not retroactively accrue. Prior applied interest
is contained within the loan amount.
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Volume:
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  • 6M
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