Replies to post #3709 on Excel Corporation (EXCC)

[Stanson]

This is not correct. Covenant breaches do occur all the time, yes. However, it is a default of the loan agreement and the bank can call the loan. It has the same ramifications as if they missed a payment. Typically a bank will not call the loan if the covenant breach is simple, however, if they are worried that the cash flow of the business cannot support the debt going forward, they may exercise their rights and seize the assets of the business.

[patentminer2013]

If they could get better terms on the loan they would have. They are paying 18 percent interest. That's like credit card rates and it needs to be paid back in 3 years. If these billionaires wanted to invest why did they each take 1.4 million in salary the last 2 years? Plus what's up with the voting rights at 20 to 1. They now control the voting with only a small investment.

[buythebuy]

Thanks for sharing. Go EXCC!

[CashMoneyExpress]

SUPER EXCC POST !!!

REAL GREAT BREAKDOWN OF THE FACTS!


THANKS P.B.
HOPE YOU FEEL BETTER SOON!!!


AS ALWAYS RESPECTFULLY!!!
SINCERELY
LONG N EXCC STRONG!!!
C.M.E..

[CashMoneyExpress]

AGAIN THANKS FOR SETTING THE RECORD STRAIGHT---EXCC EXCELLENT TIMES AHEAD OF US!!