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nfp

03/06/17 4:00 PM

#248 RE: MWM #246

yes pre pay cut salaries are reasonable----they were cut and will go back up.
the contingent liabilities on the old prism patents are a bigger issue than debt.
but the telco patents alone will more than blow through those.
and i believe PRZM gets something like 100% of the first $16 million and a 1/3 of the next $50 million.
then of course 100% thereafter. (rough #s/memory--check 10ks)
i think they owe a contingent $1.25m payment on the $500k loan they just took out.
not sure about additional debt. not a big #. $3 million tops?