InvestorsHub Logo
Followers 171
Posts 20520
Boards Moderated 5
Alias Born 09/06/2010

Re: GREEN MAKER post# 1168

Sunday, 11/19/2023 10:27:53 AM

Sunday, November 19, 2023 10:27:53 AM

Post# of 2883
The new loan is WORSE. They took out a NEW toxic convertible loan, at TERRIBLE terms, to pay off the old ones.

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.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CRCW News