Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: LoneClone who wrote (232743)	1/7/2014 11:40:09 AM
From: gg cox	Read Replies (1) of 312908

Dec. 9th sedar..19% interest..scared me away from this company @ 50 cents...my bad.. serves me right for reading financial statement. Red's Casino not the proper analogy..get on top of tall building with millions in brief case, in strong wind, open wide.lol <<As a result of the retroactive application of the 19% interest rate to June 7, 2013, an aggregate US$169.7 million principal is outstanding under the loan consisting of: US$148.9 million of loan and capitalized commitment fees; US$12.7 million of accrued and capitalized interest; and US$8.1 million of a capitalized amendment fee. The Company estimates that it will record a non-cash loss of approximately C$14.5 million in the fourth quarter of 2013 related to the accounting treatment of the amendment.>>

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