Replies to post #6331 on ExeLED Holdings Inc. (fka ELED)

[Axel]

The related party is strongly related and surely has an interest in keeping ELED going. Same for the note from a distribution partner. It's actually a sign of trust


D1 – Notes payable to Symbiote, Inc. (“Symbiote”), entered into from December 2014 to June 2016, with monthly principal and interest payable through November 2017. The 2014 notes aggregated the previous notes payable, accrued interest and accounts payable. Symbiote holds a large ownership percentage in Holdings, is the lessor of our manufacturing facility, and provides our payroll services.