RE: RE: RE: RE: RE: RE: RE: RE: RE: stock is overBishop ... the 2% extension fee 'clause' is in the TEC agreement ... for investors to review. I seem to recall there being language included ... that states the borrowed TEC monies could be used to service the loan itself ... costs and such.
You know TEC doesn't lose ... no matter what ... be it default ... be it loan repayment with interest ... or be it maturity date extension with 2% of commitment amount being the benchmark and added to the accruing interest on the $1 million.
The TEC agreement was as tight a deal in favour of the lender as one can imagine ever being drafted.
Sure would like to trace that $200 grand if that's what the case is regarding the 2% fee.