"the loan that EI received from HighWater Capital Management(a 60 day loan paid off 3/23/10) where Highwater received 21m shares for the $35k loan..."
21m shares at today's value = $92,400. So HighWater was paid $57,400 for the use of $35,000. That's at a 2 month rate of 164%. Which is an annualized rate of 984%
But with nothing to put up against a reasonable-type loan, that's what ya get.
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