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bol23123

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bol23123

Re: None

Monday, 05/20/2013 11:49:25 AM

Monday, May 20, 2013 11:49:25 AM

Post# of 20265
Alpha Capital sold their note to REDWOOD per 10Q for 1.25mil how can ECOB owe them anything????

Alpha Capital sold its notes payable in the amount of $1.25 million which included $1 million outstanding loan and $250,000 prepaid loan fee to Redwood Management. The $250,000 prepaid loan fee will be amortized in one year and will be ended in October 2013. Redwood Management replaced Alpha Capital as one of the investors by note assignment during December, 2012.

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