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Re: Play4keeps2 post# 10961

Thursday, 12/19/2013 10:13:20 AM

Thursday, December 19, 2013 10:13:20 AM

Post# of 97213
Interest rate still 24%?

From the April 2013 Form 10-K filing.....

Our other income and expense includes costs related to our financing activities, more specifically the interest expense associated with our line of credit with Alpha Credit Resources, LLC. (“Alpha”). Alpha has provided us a line of credit up to $2,500,000. The interest rate of our line of credit is 24% per annum. Interest expense increased by $51,618 to $535,338 (2011 - $483,720).
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