I’m not an expert at corporate finance, nor do I know what a typical loan rate would be for a small business trying to get on its feet, but when I initially saw the rates for the debenture deal I immediately thought “loan sharks”.

Maybe 17.5 or 22% is the going rate, while tossing in ~ 3M+/- warrants for kicks....I don’t know, but what I will say is that the bank scum always gets theirs, always, without question, and now they’ve got theirs twice if we include the previous financing.

It is tiresome.