InvestorsHub Logo
icon url

Arthur

01/29/16 12:13 AM

#39879 RE: I.B.Broke #39871

It's been rescinded afterwards, at some undisclosed date.

Somewhat the 1 billion (25% of the O/S) PVSP share of Carbon Fund stake morphed into a $414K IOU:

The Company (PVSP) acquired 90% of Canalytix LLC on March 25, 2015. Canalytix owes Flux Carbon Starter Fund $414,401, as of May 31, 2015, under a secured senior term loan agreement, which is included in long-term debt in the Company’s consolidated financial statements. The debt bears an annual interest rate of 12% and matures on December 31, 2019. Principal payments are made periodically from cash flow. No principal payments are due until maturity.

icon url

DSherman

01/29/16 10:02 AM

#39900 RE: I.B.Broke #39871

Yes, the OS was reduced by 1b as a result of the transaction.