Driftin:
As you say hard to know how positive this is until the details are known. Quite frankly, I was astounded that they could manage a loan instead of a private offering. On the surface, at least, that's a very good thing. The announcement said "notes" instead of note. I wonder if this was just an error or whether there are multiple notes making up the one million dollar total. Finally, while the note (or notes) is for 1 million dollars the proceeds to the company are $900,000. So you have to add another 10% interest to whatever the "official rate" will be.
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