Replies to post #55911 on CGrowth Capital Inc (CGRA)

[The Truth Hurts]

Per the quarterly filing the first trench isn't due for 10 years. ACTUALLY 9 years. Payable 2025. :)

:)


$CGRA

[Mistral]

There is no reason to believe all bond holders will collectively decide to do anything. Each bond holder, whether an individual or plan, determines their investment strategy.

Remember that three project companies are guaranteeing the funds and paying interest to the Bond company on the funds they use.

[Green Money 00]

WRONG

MFI Member Level Sunday, 05/22/16 08:15:42 AM
Re: USMC1981 post# 55860
Post # of 55915

If you read on from that paragraph and read the last sentence you will see this is still positive. Go CGRA$$$

The notes include bonds in the amount of $10,268,782, which carries coupon rates of 10% and are due in 2025. Company notes included notes payable to four unaffiliated parties in the amount of $212,517, which are not secured by collateral of the Company, carries accrued interest of 6%-8% and is due on demand by the holders. Another note payable is to an affiliated company of our Chief Executive Officer in the amount of $198,908, is not secured by collateral of the company, carries accrued interest of 6%, and is due on demand by the holder. Loans payable included loans to a third party totaling $55,125, which are secured by equipment purchased for the Company, carry interest rates of 6.3%, and are due in 1-3 years. Assumed debts are associated with our West Salt Creek purchase totaling $503,685 and are not secured by collateral of the company. A final note, in the amount of $231,598, is related to the purchase of our Chewelah, Washington facility and is 5% interest loan secured by our 47-acre industrial site. The Chewelah facility is current in its payments and is in the process of renovation and upgrades. The Company is in the process of restructuring and/or paying off all other notes without further use of equity.