Friday, January 24, 2014 5:43:31 AM
In reference to the Note (purchase)
5M 01/03/12 Payment
5M 12/31/12 Payment
7.8M 02/21/13 Payment
5M 01/??/14 Payment
? 02/??/14 Payment
The most the balance being carried is $27.2M
The interest on that would be approx 1.6M
On the New Tax issue, I believe the 14M impact mentioned is inclusive of the 5M you mentioned, The way I figure it, they would have to make HUGE strides to have enough taxable income to owe 14M additional tax, especially considering the new tax is deduct able.
I have seen places that say it is 5% and places that say it is 8%. I figured it at 8%. Do you know for sure which it is?
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