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investorcg

08/21/15 12:37 PM

#10386 RE: LaFortuna #10385

How much was taken out???? That is the key.
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steel_curtain

08/21/15 12:41 PM

#10388 RE: LaFortuna #10385

It's not a $10 MM loan, it's a line of credit. I posted the details being released from a few months ago in my last post.
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Natalieknows

08/21/15 12:49 PM

#10400 RE: LaFortuna #10385

If you look only approx 2 of the 10 was used from TCA facility, and he stated in PR that there is financing coming to take out the smaller notes before they are convertible. In addition, he has stated repeatedly he is working and close to taking out the existing TCA. I don't think he has been in the business this long without selling out tons of shares in the company to do it now when the company has started so many new divisions to diversify the business for the long run.
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ANIA77

08/21/15 1:02 PM

#10412 RE: LaFortuna #10385

You keep misleading people. . It is NOT on or before.. the earliest Maturity date is Jan. 30, 2016.. there is NO DILUTION prior to this date.. that's over 5 months trading without dilutor.. Q3 is going to be released before that.. I'm betting that some of these notes are going to be paid off by then.. Because they have option to be paid off earlier with cash ...and last PR is stating that there is already a plan to do so...
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ANIA77

08/21/15 1:02 PM

#10413 RE: LaFortuna #10385

You keep misleading people. . It is NOT on or before.. the earliest Maturity date is Jan. 30, 2016.. there is NO DILUTION prior to this date.. that's over 5 months trading without dilutor.. Q3 is going to be released before that.. I'm betting that some of these notes are going to be paid off by then.. Because they have option to be paid off earlier with cash ...and last PR is stating that there is already a plan to do so...