Koil Energy Solutions Inc. (KLNG)

[xZx]

put these two sentences together:


"With this Preferred Stock transaction, we have reduced indebtedness by $3,400,000 with the use of $1,400,000 in cash today and a monthly installment plan that aggregates to $600,000 in cash over 30 months.

and:


"If you credit the $2,000,000 in savings from the redemption of the Preferred Stock against total expected interest costs of approximately $3,476,098 over the life of our $6,000,000 financing from Prospect Capital Corporation, our net
effective cash cost of the borrowing from Prospect is reduced significantly.