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Re: daffy post# 304

Saturday, 03/26/2011 11:32:35 AM

Saturday, March 26, 2011 11:32:35 AM

Post# of 473
daffy.....JTX has a note due April, 30.......IMVHO they will need to come up with all/most of the money in order to continue funding

From the last 10-Q under liquidity......link:
http://ih.advfn.com/p.php?pid=nmona&article=46816453

mandatory payment of $30 million due on April 30, 2011, at the direction of a supermajority of Lenders representing two-thirds of the aggregate loans.

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lenders agreed to use good faith efforts to agree upon a mutually satisfactory restructuring of Jackson Hewitt's balance sheet and go-forward funding needs, and to execute definitive documentation relating thereto on or prior to April 29, 2011.





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