Sunday, November 19, 2023 10:27:53 AM
They took out a $500,000 convertible loan but only received $425,000 right off the top. Yeah, that is something to cheer about. The lender immediately gets to keep 15% of the loan PLUS the huge interest rate after the Company defaults (which is almost guaranteed), AND the toxic conversion terms.
This is not a good deal in any sense.
Recent CRCW News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:05:35 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:00:24 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 09:05:38 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 01:00:17 PM
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