Replies to post #45415 on Bitzio, Inc. (fka BTZO)

[Arthur]

I'm curious about the TCA Global "loan". Has BTZO started making the "mandatory capital payments" on the loan (or "line of credit")?

Also, if BTZO defaults on its TCA Global obligations (and filing quarterly financials on time is one of those obligations), severe penalties may apply.

In the event of a default under the TCA Note or with the consent of Bitzio, TCA may convert portions of principal and interest due under the TCA Note into shares of Bitzio common stock at a conversion price equal to 85% of the lowest daily volume weighted average price of Bitzio common stock during the five trading days preceding conversion; provided, however, that no conversion is permitted that will result in the Note-holder becoming the beneficial owner of more than 4.99% of Bitzio’s outstanding common stock.