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Re: yellowjacket post# 145611

Wednesday, 07/16/2008 4:00:47 PM

Wednesday, July 16, 2008 4:00:47 PM

Post# of 326354
You're right ....

.... a 'little bit'. Interesting.

$137,750

interest at a rate equal to fifteen percent (15%) per annum

Yorkville gets a 20% 10-day VWAP discount on shares converted

redemption premium equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest

NEOM paid $10,000 for monitoring and managing

NEOM paid structuring and due diligence fee of $4,000

So, we paid 10% up front , 15% per year , and shareholders can foot the 20% discount on shares some day.

Is this a payday loan? The payroll must be shrinking.

jonesie

Yorkville / Cornell Tracking Board #board-9964


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