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I-Glow

10/15/14 10:26 AM

#80280 RE: Hydrogeohydro #80277

I don't believe I ever indicated that Dominion was giving away money.

I just today looked at it closely and saw that TRTC is paying off the loan with interest - Plus and this is a big Plus, also giving Dominion shares of TRTC - so in essence the Dominion shares are free.

Then if TRTC goes into default and misses a payment - there is substantial penalties.

The first 2 payments will be or they should be in the next 10-Q.

The payments I calculated excluded interest on the loans.

Beginning August 5, 2014 TRTC has to start repaying the loan. That would be a total of $3,800,000 (excluding interest) so 1/12 of that would be a payment of $316,667 due on August 5.

Then on September 5, 2014 there is another payment due of $362,500 again I am excluding interest.

I haven't seen a analysis of the loan from Dominion posted so I thought it was good time to look at it more closely.

IG