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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

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Message: 416% effective interest rate

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newbie21
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416% effective interest rate

posted on Sep 26, 08 07:09AM

You have not responded to the accuracy of the effective interest rate of the loan being 416% so I suppose it is correct. Why did the company borrow 3 million at such a high effective interest rate and then just use the money to pay off the loan? If my figures are correct, the 3 million will be gone by the end of the year with about 1.5 million still owed. Why didn't the company just sell stock instead?

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