Replies to post #98332 on CBA Florida Inc. (fka CBAI)

[Myth]

That's what I meant....the money isn't there to pay for another CEO...plus whatever was outsourced is billed also.

It's merely speculation, but I still believe it will be sold.

And now's the time to do it....

[Myth]

Did you catch this ?

Debt Repayment

On April 15, 2015, the Company made a payment to Tonaquint in the amount of $750,000, principally with the funds from the Red Oak Agreement. This pre-payment in accordance with the settlement documents between the Company and Tonaquint, applies to payments due on August 17, 2015 through February 17, 2016 (7 months); and a partial payment of $50,000 to the $100,000 balance due on March 17, 2016. Thereafter, the Company made additional pre-payments applied to payments due through June 17, 2016, as well as to a partial payment of $25,000 to the $100,000 balance due on July 17, 2016.

[Myth]

I'm seeing they did pay down the Tonaquint Note in the 4th qtr, what am I missing here ?

3rd qtr balance was 1,175,000, correct ?