Replies to post #3542 on Green Parts International Inc (fka GNPT)

[ANIA77]

GNPT secured a credit line of $10mln last year.. no need for any toxic financing and convertible notes here!

Miami, Florida – TCA Global Master Credit Fund Group (“TCA”), a fund specializing in senior secured lending and advisory services, announces the closing of a $10 Million USD Line of Credit with Green Parts International, Inc. (OTC: GNPT)

http://tcaglobalfund.com/tca-closes-10-mm-line-credit-green-parts-international-inc/

I know that some people were asking when this loan was secured since PR doesn't show a date... so 10k says :
On March 27, 2014, the Company secured a senior note secured line of creditfacility for a maximum amount of $10 million. On September 11, 2014, the Company has drawn $2.3 million credit facility with the six months renewable maturity at 15% interest. This note is secured by Company assets .

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10627638

[Talc Moan]

The 10 million Credit line is secured with company assets not stock.. So we won't need to worry about that.