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Replies to post #78987 on CBA Florida Inc. (fka CBAI)
j smoo
04/16/12 1:27 PM
#78992 RE: StLXer #78987
On February 13, 2012, the Company paid in full its obligation, in connection with convertible debt financing consummated in February of 2007, with Shelter; and subsequent negotiations of the “Put Agreement” satisfied by the Company's delivery to Shelter Island of a new Senior Secured Note in the principal amount of $1,590,400. The remaining balance of the Note in 2012 was $369,692.56 and was acquired by Tangiers Capital. The Tangiers obligation was subsequently retired as well in 2012.
bme
04/16/12 1:36 PM
#78995 RE: StLXer #78987