Do you understand the Filings say Prior to-10/1/2014?
Sir-DD-Catch-up-that's not till 2 months away-that's-nothing-
This means that the $250,000 Debt Payment can be due/paid before October 1st 2014
Sir, please see Scott's own SEC 10Q Filing for the facts. The Facts are contained on page F-9
It clearly states that a $250,000 Debt Payment is due Prior to October 1st 2014. So Scott could be making this Payment before 10/1/2014 which could mean he might be making it next month or even now.
The company agreed to make monthly payments in the amount of $45,000 for the first 12 months post-closing then an additional 12 monthly payments of $30,000 beginning on November 1st, 2014. Additionally the company agreed to make a balloon payment in the amount of $250,000 prior to October 1st, 2014.
How did SEEK make those 700,000 and 300,000 Dollar payments. With Cash or selling shares?