Interest and amortization expense during the three and nine months ended December 31, 2019 was approximately $1 million and $2.5 million respectively. Amortization cost was approximately $2.3 million and related to approximately 40 convertible unsecured loans, including 22 loans prepaid during the period and 35 new loan notes issued. Interest ranged from 8% to 12% per annum.
INTEREST AND AMORTIZATION EXPENSIVE $2,500,000 WOW..REALLY...
AND THIS IS A COMPANY THAT IS MAKING NO MONEY..
THINK THINK...WHAT DID THEY DO WITH $2,500,000 MILLION DOLLARS???????????????????????