InvestorsHub Logo
Followers 11
Posts 486
Boards Moderated 0
Alias Born 02/05/2010

Re: None

Tuesday, 11/29/2011 2:53:27 PM

Tuesday, November 29, 2011 2:53:27 PM

Post# of 52845
For those of you following the GERS long term debt reductions, here are some YTD stats based on my review of the 3rd quarter report.

Total long term debt reduced about 34% from
approx. 46m to 30m

Percent of all LT debt owed to YAGI reduced from
approx 89% to 68%

Percent LT convertible debt with shares issuable with NO discount to market from:
from 0% to 15%, rest 90% discount to market

convertible debt with shares issuable at:
50% discount to market eliminated
70% discount to market eliminated
80% discount to market eliminated

All (i believe) convertible debt which had interest rate at 20% reduced to 6%