A $3.5m LOC from a bank and bond insured approved is extremely rare for a sub .01 penny stock
Part, #3, was the best part of the July 6 blog:
Obviously the bank AND the bond insurer liked what they saw to approve a $3.5m LOC and insurance bond to a sub .01 penny stock , not only with the future business, but surely, saw the completed PCAOB Audit. It is inconceivable a bank would lend $3.5m to a penny stock w/o those conditions met. Nor would they get the bond insurance approved either.
3). MAJOR NEW FINANCING - without breaking proprietary information and NDA's - we can say that the board has approved the offer for a $3.5-million credit line from a major bank - as well as support from a credit-enhancement insurance bond. This venture will provide overhead for HHSE, funding for new productions, new acquisitions, book activities and MyFlix launch. Yes, all of the big things we have struggled to do - but forced to delay for lack of capital - will now be available to HHSE
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