RE:RE:RE:Cannacord buyingthe collateral for the PDS loan are the Tonkawa slot machines, so if PYD can't pay the loan the sheriff will come and impound all the 600 slot machines, ouch
A $3.5 million loan over 4 years, including a one year interest-only period, secured by the Company's contract with the Tonkawa Tribe of Indians of Oklahoma
Read more at https://www.stockhouse.com/news/press-releases/2015/11/27/poydras-gaming-finance-corp-announces-2015-third-quarter-financial-results#A5RvFZZex4wWfQvI.99