Hi Basser.
Did they pay off the $200,000 15 day loan off? The one that was due last month.
Here it is so it may refresh you memory:
On December 1, 2009, Eternal Image, Inc. (the “Company”) issued a fifteen (15) day promissory note in the amount of $200,000 in connection with a loan of the same amount it received from Emerald Asset Advisors (“Emerald”) of 425 Broad Hollow, Melville, NY 11747. Emerald is a shareholder of the Company. The proceeds of the loan are being used to assist the Company in meeting the lender requirements of a line of credit it is presently negotiating with a third party lender. The primary provisions of the Emerald promissory note are:
December 1, 2009
Principal:
$200,000.00
Term:
15 days
Interest Rate:
8% annually
Lender:
Emerald Asset Advisors
Borrower:
Eternal Image, Inc.
Security:
None
Additional Consideration:
None
GO GATORS
statements made by me are considered opinions of mine unless those statements are made of facts.
