I am all kinds of confused by the SEC filing detai
Post# of 148169
(Total Views: 966)
Posted On: 11/17/2020 1:02:24 AM
Re: Evil Rabbit #65664
I am all kinds of confused by the SEC filing detailing the latest Note.
The Note is for an initial principal amount $28.5M and has a 2-yr maturity with 10% APR. Yet, the Company is obligated to reduce the debt by $7.5M every month starting this month and for each month thereafter for 5 months....umm...
$7.5M x 6months = $45M.
Am I missing something??????
The Note is for an initial principal amount $28.5M and has a 2-yr maturity with 10% APR. Yet, the Company is obligated to reduce the debt by $7.5M every month starting this month and for each month thereafter for 5 months....umm...
$7.5M x 6months = $45M.
Am I missing something??????
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