Re: Received a response....Third Eye Loan Balance
in response to
by
posted on
Jul 14, 2019 09:14AM
JJ, in regards to your statement..."We know the balance of the third eye loan is $14,536,000 US from the financials and the prospectuses issued for the financing."... did you receive this confirmation from the company as your post title seems to indicate, "Received a response...Third Eye Loan Balance"?
Reason for me asking; if that is the case that would mean that 50% the PP of April 1, 2019, for $15.1 ($11.3 Mil US) did not go to pay down the 3RD Eye Term Loan. In turn, that would mean that the company has made use of the entire PP for the business operations which may give enough to see us through September 2019, Top-Line announcement.
My estimation of $3Mil US remaining outstanding on the Term Loan is based on the following:
Financial Cash at Jan 31, 2019: $14.50 Mil US
April 1, 2019, PP 5.65-
The Offering 5.85-
Approx Bal O/S 3.00
Koo