RE: RE: TVIMaybe I miss understand there loan structure... but what i see is 34mil is at 23.42% annually that was at end of June 09'. So in my opinion you have to re finance and also in the mean time beat this debt down while you can just in case refinance doesn't go as planned. If they had a interest rate of 10%, I wouldn't think they would waste there energy trying to find another lender. Also 30+mil debt would be considered a little on the high side to their gross income. Maybe they made this payment to the debt to bring it closer to what other lenders would like to see it at. Time will tell no matter what TVI is going higher,the news is still very positive and they are moving forward... just 2mths ago we were at 2.5-3cents now 6.5-7 doesn't matter how we look at it TVI over doubled and will do that again easy. GLTA
Principaloutstanding at
June 30, 2009
Effective
annual
interest rate
Interest during the
period ended
June 30, 2009 Maturity date
Loan payable A 34,809,975 23.42% 2,199,801 January 20, 2014
Current loan payable B 834,204 9.50% 41,742 August to
December 2009
Related party loan A 751,338 12.00% 49,944 Demand
Related party loan B 612,345 14.12% 49,697 Demand