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Message: Re: sge, i think you are right on, PTSC only paid 560,000 initially

Mar 01, 2007 04:34AM

Mar 01, 2007 06:26AM

http://www.agoracom.com/ir/patriot/message/530779

On November 22, 2006, Patriot and Holocom Networks, Inc. (“Holocom”) entered into a Secured Line of Credit Agreement, pursuant to which Patriot agreed that, at its discretion, it would advance up to $700,000 to Holocom. Patriot loaned Holocom $560,000 under this agreement.

 

Also assuming 200 million annual market. Junior lender could get his money back.

200,000,000. x 3%= 6 million x 4yrs. = 24 million

194 million x unknown margin = ???? x 45% for PTSC

 (annul revenue???)


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