russian deal is dodgy, page-11

###Is that why SKG sought a loan at 18%...because they have no money coming?###
I have already answered the question, so let me put it to you this way......when Genner raises $1 million through issuing shares "is that a loan" ? The answer is NO. SKG are doing the same thing they issue shares to Cornell in exchange for cash.........the only thing they owe Cornell is shares, 12% is payable on the oustanding funds until the shares are issued.....this is minor and is also paid with shares.



Brad you must be the only perosn on the planet who thinks 18% interest is minor?

That is a rate the Russian mafia would charge you.......

It either suggests you have NO understanding of what rates are availbale ro you simply have no understanding of debt and in particular this loan.

It is repaid by way of shares issued every two weeks at a 6% discount to the share price and incurs a 12% interest rate payable in shares.

A very bloody deal and shows the anxiety to raise monies to remain afloat.