Joshua seems to think Pong will be making 9.3 million dollar payment to Lugee Li annually for next 3 years, with strong penalties for defaulting on the loan.
If anyone who seriously is invested and is serious about their investment reads the terms of the off market filed documents they would have learned what Joshua learned, that Joshua is only disseminating one of the same terms and nothing else. There are other timelines for payments as well.
So how does anyone ever know what Joshua seems to know and if what he thinks is true or false? Light 💡 bulb? Bing bing bing bing. By reading the same documents!
The bottom line of these terms is that the borrower can pay back the loan monthly, quarterly or annually or will have to pay back the entire loan plus interest by the end of the loan term agreement. Interest is applied first. There are no specific terms regarding timelines for payment other than upon the last day the loan plus interest is due to be paid.
In effect LL loaned 4 LLC’s $$$ on paper to acquire shares at an inflated price plus interest. And these LLC’s have 3 years to pay back LL.
The payments whatever or whenever they take place is imo, Henny Penny BS. The question remains why did in the world was this transaction of price agreed to. By the LLC’s?
That’s the $28 million dollar question? Anyone?
Whatever Joshua thinks or I think or whenever anyone else thinks a payment will occur does not a penny add to our pockets.
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