Round and round we go ...LOAN COMPARISON
Loan (feb 8/18): $2.34M us = $2.94M cdn 9.5% (1 yr) YA II PN ltd / Cuart
Investments PCC
convertible: lesser $0.675 cdn – min $0.50 cdn
warrants: 1,643,764 - $0.70 (1 yr) …. 25%
DD fee (cash): RiverFort Global
structuring fee: RiverFort Global – 376,162 sh
Loan (feb 19/19) $2.34M us = $3.09M cdn (approx) 12.0% (1 yr) YA II PN ltd / RiverFort
Global
convertible: lesser $0.12 cdn – min $0.10 cdn
warrants: 12,091,304 (approx) - $0.115 (1 yr) …. 45%
Suffice to say, although this is written as a new loan, it's basically a refinancing with better terms for lender. More $0.10 out there if they convert. Everyone they want to work with is getting in at the $0.10 level. Pity the people who bought $.40 + as they watch LG hand out stock like candy @ these prices a full 1.5 yrs after starting in the canna industry.