maone15

[Makamai]

Actually if you look at the terms of the financing, they have 3 awesome options as follows:

"The bonds, which are secured by $1.4 billion of life settlement policies on individuals over 72 years of age, bear interest at 6.5% with a ten-year term. Under the terms negotiated, interest does not begin accruing until the end of the third year. Additionally, no principal payments become due until the end of the tenth year. Upon maturity of the loan Quasar has three options for repayment: (1) an issuance of the Company's common stock equal to approximately 9% of the common stock outstanding as payment in full of the principal, (2) extend the loan for two successive five years terms, or (3) pay off the principal and any accrued and unpaid interest."

The six companies they are acquiring are all making a profit, so that's instant revenue upon acquisition. The stock is presently at about .02, which is extremely undervalued with the loan being funded shortly.

Makamai