Replies to post #1319 on Paragon Shipping Inc (PRGNF)

[Cartman1]

Thanks for stopping in...... It is awesome that there are people out there that are just looking out for my wellbeing. Thank you so much for being here!

[Sunofwolf]

Ya it only trades more than any other stock priced under two dollars you can can say any stock is garbage but just about everyone here has made money on this stock. Your bash is worthless. the stock however has done very well lately, in this aspect.

[Hey Ray]

This is why we are ralling

Bank of Ireland - Unsecured Paid-in-Kind Note (“PIK Note”)

In January 2016, the Company agreed with Bank of Ireland to apply the total net proceeds from the sale of M/V Kind Seas towards an immediate prepayment of the loan facility. An amount of $2.2 million was written-off and the remaining amount of $2.2 million, plus accrued interest, was converted into a PIK Note. The PIK Note was non-amortizing and had a maturity date of December 31, 2020, at which time it would be repaid at par. Interest on the PIK Note would accrue on a quarterly basis at an interest rate equal to the aggregate of 2.5% and the applicable LIBOR, and would be treated as payment-in-kind. On April 11, 2016, the Company received a notice of cancellation, pursuant to which it was discharged from all of its obligations under the PIK Note.

PAID !!!! :) 3 OTHER SHIPS ABOUT TO BE SECURED AS WELL.