Yes, the original amountof $2.5 million is still owed to the patent holder. Interest payments only, have been paid. The $2.5 million comes due again on January 1, 2014. Will MDHI get another extension and continue with more interest only payments? At some point this $2.5 million will have to be paid off. How will they do that? With more toxic financing? As time goes on, newer technology continues to advance in leaps and bounds. Where does that leave the Medipendant? With $2.5 million due on a patent for an aging product? Yes, dates are important.
Those dates don't really mean anything. The payments are all interest only and at 6%.
the patent holder is still owed the original $2.5 mil
The ladder of success is best climbed by stepping on the rungs of opportunity. ------- Ayn Rand