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funguy

08/26/09 11:14 PM

#7299 RE: iowaporsche #7297

Well my thoughts on the matter of the loans...

...as previously stated by management at the time of the loan the specifics you are refering to were not agreed on by AKYI. The loan was signed with the understanding that they would rework these parts not agreed on. Before they could rework anything SEC pulled the plug on the Nutmeg. Because of this AKYI is not making ANY payments on this note. Furthermore, as the SEC goes through all Nutmeg's crap they might stumble upon this note. I imagine they will see that AKYI did not agree to the terms and realize the terms are ridiculous and do all the reworking of the loan.