Re: outstanding shares

Reply New Message

Prev Message Back To Forum Threaded View Next Message

TrickyRic

Rank: Treasurer [?]

Points: 4538 [?]

Votes: 82 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: outstanding shares

in response to

outstanding shares

murphmgh

posted on Oct 23, 2009 10:36PM

Interesting to see if we have paid off all of the outstanding debt.

Debt and Other Commitments

We currently have unsecured convertible term debt with a principal amount of $243,601. Our plans are to make future principal and interest payments with shares of common stock, subject to maintaining the $0.10 minimum share price and other covenants of the term loan. Aggregate principal and interest payments due to mature in November 2009 are $248,165 with the July and August 2009 payments of $50,000 each paid in shares of common stock rather than cash.

The increase may be the loan payment $ 248,165 X .10 = 2,481,650 SHARES ?

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply