Post by
Cross19 on Aug 22, 2022 6:56pm
Can't wait for this thing to be over
As of June 30th they still had a debt from Pelicourt ...don't think it was part of the recent transaction: As at June 30, 2022, the Company owed $957,000 under the Pelicourt loan. Mikhail Afendikov, the Companys former CEO, was a principal of Pelicourt. The Company made no principal repayments during the six months ended June 30, 2022 and made a principal payment of $900,000 in the comparative 2021 period. The Pelicourt loan bears interest at 10.8%.