I was just thinking about the Judicial interest that compounds daily, from
June 1, 2023 to Dec. 31, 2023 (214 days) the additional interest is close
to or slightly more than another $2,000,000.00 added to the amount owed
per the arbitration award.
"On February 22, 2023, a binding arbitration hearing was held in Lafayette, Louisiana.
On May 1, 2023, RedHawk Medical was awarded a monetary judgment (“Judgment”) in the amount of $44,950,000, plus, attorney fees and arbitration costs in the amount of approximately $69,000, and judicial interest from June 22, 2021 until paid. As of May 1, 2023, accrued judicial interest totaled approximately $3,400,000.
$$$..The Judgment is not subject to appeal..$$$"
With the increased interest rate the Judicial interest might have increased in kind.
As of November 1, 2023, the current prime rate is 8.50%
LET IT ROLL
D_DOG