[Whats positive?]My L2 works...but I cant stand to look at it!
If the DP occurs in the next few days then theoretically IMP could save %7.5 interest with written notice of lump sum...
Not sure how they would aquire the lump sum as it nears $13m + int + 2m = over $15m.
"...
- The principal amounts and accrued interest due under the First Note, the Second Note and the Third Note were restructured and consolidated, together with an additional $5,000,000 debt financing, into a new note dated April 12, 2016 (the “Restructured Note”), in the principal amount of $13,130,000, bearing interest at 15% per annum, with a maturity date of October 11, 2016, subject to a prepayment right by the Company at 107.5% of the principal amount at any time upon delivery of a 30 day prior written notice.
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..."
I guess the DP + borrow 3-4m from other sources....but nah...not bloody likely....