Replies to post #9985 on SiNtx Technologies Inc (SINT)

[Atlanta1]

thanks for the post.

interestingly, tomorrow is the 5th business since the loan agreement was signed with North Stadium Investments, LLC.


$AMDA

[dp60]

Sweeps, thanks for the close-up look and careful read of these loan conditions.

glta

[boston745]

I believe the amount is $1.45 million but if you check Hercules financial statememt they book it as being just over $1.million. Balance as of the 1st is $3 million.

[boston745]

I totally missed the 200,000 prepayment part. Thanks for the information sweeps.

That's 3m + 1.45 m + 200 k + 30 k = 4.68 m + any accrued interest.

Cash on hand based on 617k payments to Hercules & 500 k a month cash burn i guesstimate COH = 2.264 + 2.5m (loan) = 4.764 -4.68m = 84,000.

If Zimmer did in fact send us that 2.5m Q2, that allows for full payment of Hercules loan and enough coin in bank to last remaining of year at burn of 500 k.