Question ...Anyone know how SCG paid down the 1.25M ?? See NR, in part:
"Further to the Company's press release dated October 18, 2010,SelectCore negotiated an amendment to its loan agreement with ComVestCapital II that eliminated any prepayment penalty. In consideration forthis, among other amendments, the Company agreed to repay the $2.5M termloan by March 31, 2011 and the $2.5M revolving line of credit byDecember 31, 2011. The Company subsequently paid down $1.25M of the termloan in Q4 2010, leaving $1.25M due March 31, 2011. If the Company issuccessful in securing a new lender, it intends to retire the entire$3.75M balance prior to March 31, 2011. Any incremental funds raisedwould be used for general working capital purposes and new productlaunches."