I do not believe we will ever see YA excersise their option to purchase warrants. Cashless exercise perhaps, but direct purchase No. IMO
Anyway here is a recap of amounts owed under the various debentures - principal plus interest total is currently at $37 million.
The Borrower hereby acknowledges and agrees that it is liable to the Lender as follows:
Owed under the CCP-1 Debenture as of September 29, 2010:
Principal $ 5,000,000.00
Interest $ 1,749,277.79
Total $ 6,749,277.79
Owed under the CCP-2 Debenture as of September 29, 2010:
Principal $ 2,500,000.00
Interest $ 875,847.10
Total $ 3,375,847.00
Owed under the NEOM-4-1 Debenture as of September 29, 2010:
Principal $ 7,458,651.00
Interest $ 3,408,296.99
Total $ 10,886,947.99
Owed under the NEOM-1-1 Debenture as of September 29, 2010:
Principal $ 1,775,000.00
Interest $ 769,328.77
Total $ 2,544,328.77
Owed under the NEOM-2008-1 Debenture as of September 29, 2010:
Principal $ 390,000.00
Interest $ 146,737.50
Total $ 576,737.50
Owed under the NEOM-2008-2 Debenture as of September 29, 2010:
Principal $ 500,000.00
Interest $ 180,625.00
Total $ 680,625.00
Owed under the NEOM-2008-3 Debenture as of September 29, 2010:
Principal $ 790,000.00
Interest $ 281,108.34
Total $ 1,071,108.34
Owed under the NEOM-2008-4 Debenture as of September 29, 2010:
Principal $ 137,750.00
Interest $ 46,605.42
Total $ 184,355.42
Owed under the NEOM-9-1 Debenture as of September 29, 2010:
Principal $ 2,325,000.00
Interest $ 709,114.38
Total $ 3,034,114.38
Owed under the NEOM-9-2 Debenture as of September 29, 2010:
Principal $ 2,325,000.00
Interest $ 626,835.21
Total $ 2,951,835.21
Owed under the NEOM-9-4 Debenture as of September 29, 2010:
Principal $ 294,000.00
Interest $ 80,415.22
Total $ 374,415.22
Owed under the NEOM-9-5 Debenture as of September 29, 2010:
Principal $ 715,000.00
Interest $ 132,910.56
Total $ 847,910.56
Owed under the NEOM-9-6 Debenture as of September 29, 2010:
Principal $ 535,000.00
Interest $ 91,960.56
Total $ 626,960.56
Owed under the NEOM-9-7 Debenture as of September 29, 2010:
Principal $ 475,000.00
Interest $ 76,105.56
Total $ 551,105.56
Owed under the NEOM-10-1 Debenture as of September 29, 2010:
Principal $ 2,006,137.04
Interest $ 96,184.65
Total $ 2,102,321.69
Owed under the NEOM-10-2 Debenture as of September 29, 2010:
Principal $ 550,000.00
Interest $ 10,126.03
Total $ 560,126.03
Principal Total 27,776,538.04
Interest Total 9,281,479.08
Grand Total 37,118,017.02
AI
