Mobilepro Corp (fka MOBL)

[stockdoc68]

Blacksheep......

As far as calculating the amount of interest, it's just 24% per annum on $13 million (about 3 and a quarter million annually). The problem, is that it doesn't really make any difference what it is if YAG takes all the revenue producing assets from MOBL. MOBL has very little cash, and YAG will take that too if they can't get enough money from the MOBL asset sale to satisfy the loan requirements. YAG can take the interest requirement and stick it up there butt. If MOBL doesn't have it, they just don't have it and YAG can't do anything about it after they've taken everything MOBL has.

Jay signed us up for a suicide mission, and now it's time to pay up. Our only hope is that YAG backs off or that a judge rules that Jay's signed up an unconscienable loan contract that runs contrary to usury laws, state or federal. Basically, these usury laws are used to protect fools, idiots, and people in extremely desperate financial situations. You can take your pick as to which category Jay falls into.

stockdoc