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MtnGuard

05/22/17 6:43 PM

#40773 RE: Huggy Bear #40767

If nothing else it's impressive that yaz has kept this from sinking. Debt for a startup isn't concerning but the china deal was either incompetance or money laundering either way bad news.

RadioSilent

05/22/17 6:50 PM

#40775 RE: Huggy Bear #40767

This is not money that is "due." The "Derivative Liability" is an ongoing counter of the costs related to the convertible debt that was settled in Q1-17. This will eventually fall to the bottom line as a financing expense, but is not something that needs to be paid.

That leaves the portion that we are all used to thinking of as liabilities (AP, NP, etc) at $1.611m, not 6.422m. IMO.