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Post# of 8728
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againstallodds

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againstallodds

Re: None

Thursday, 03/19/2009 2:51:48 PM

Thursday, March 19, 2009 2:51:48 PM

Post# of 8728
What is the interest rate ?

According to 8K, financing can (not will) go up to 15 M$, no guarantee it will go this high.

The promissary note calls for full payment of 24 750 000 $.

Since no one knows when disbursments will be made, how can you calculate the interest rate. This promissary note is written as if 15 M$ were disbursed in one tranche ? Is this the case ?
There is absolutly no provision for partial payments...

Doesn't fit together. This document is flawed.

Is this deal really closed, why don't we see a signature (typed) for Simco Group ?
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