Replies to post #20059 on M Line Holdings Inc (MLHC)

[Axel]

Good points. ABL will deal with all of that. Also net profitability means there is cash flow to pay down notes and not vice versa take new ones

[Axel]

Did you read this? Sounds perfect to me as there will be no more conversions but cash payments!! We're golden


On January 15 2015, the effective date, the Company entered into a settlement agreement with TCA. Under the terms of the agreement, TCA will receive $100,000 as soon as all the Company’s filings are current and will then receive $80,000 per month for 13 months and $60,000 in the 15th month. These payments may be accelerated at any time.