Replies to post #4152 on New Leaf Brands, Inc. (fka NLEF)

[TrueTrades]

Thank you, that's fine.
If you got that recently, that's what I was wondering.
I assume the first 1MM draw was to pay the cash balance for Masters.
But usually when bridge financing runs out (in this case previous note holders) the new equity investor (TGA) might use it's leverage to make the bridge financier forego it's interest payments as part of it's terms to lend the money. This is what the "500K gain" would suggest....see how they word things!
In reality, that news piece was not the great news it sounded like.
But, 4MM in financing is just what §NELF needs. They are going to have to produce some sizable results to satisfy the creditors and still return enough cash to the bottom line to make this stock move over the $1 mark. But you have to do your DD to learn who you are dealing with and their background....it means EVERYTHING! Especially in penny stocks.
I got a ton of this.....still buying....§§