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DSherman

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DSherman

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Sunday, 01/12/2014 1:09:15 PM

Sunday, January 12, 2014 1:09:15 PM

Post# of 183602
PVSP reduced its long term debt obligation by $6mm replacing $8mm for 2mm. The $8mm debt was also convertible. So the bottom line is PVSP swapped $8mm in CDs for $2mm in CDs. The confusion or manipulation from one is the mixing of the reduced long term obligation for pennies on the dollar with short term operating loans.
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