Know what else is of interest to me? Labwire's has $673,635 in unsecured loans. Seems the company would have to have stellar credit to get the bank to do that.
sec.gov
3. Notes payable
As of September 20, 2007, December 31, 2006 and December 31, 2005, the Company had notes payable of $180,435, $246,600 and $246,600, respectively. The notes payable bear interest at 1.71% to 4.5% per annum, are unsecured and due upon demand.
Think Frost bank knows Labwire and Dexter Morris pretty well?
As of September 30, 2007, we had a $300,000 revolving line of credit of which $121,933 is outstanding and payable to Frost Bank at a floating rate of interest of prime plus 1%.
GB-ND
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