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Replies to post #28463 on PositiveID Corporation (fka PSID)
Jerry70
12/30/16 4:36 PM
#28466 RE: BottomBounce #28463
On December 13, 2016, the Company issued a $380,000 note to one accredited investor in exchange for $380,000 of gross proceeds. This investor note (i) will mature June 13, 2017 and (ii) will bear interest at a rate of 12% per annum. Principal and interest on this note are payable at maturity. This note is not convertible into equity shares of the Company. This note is unsecured.