Author Topic: PDH - Premier Diversified Holdings Inc.  (Read 356396 times)

shalab

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Re: PDH - Premier Diversified Holdings Inc.
« Reply #870 on: May 16, 2019, 08:58:47 PM »
Looks like MPIC is going all in into PDH. It is financing both the equity side by buying shares issued by PDH (which goes to pay opex and management salaries) as well as doing loan financing. Interestingly, MPIC fund reports have stopped since 2016 (http://www.cornermarketcapital.com/annual-reports.html).

The Company also announces that it has entered into a loan agreement with MPIC Fund I, LP ("MPIC") for a secured loan in the principal amount of USD$200,000 (the "Loan"). The Loan matures on April 27, 2020 and bears interest at a rate of 6% per annum. The Loan is secured with all of the present and after-acquired property of the Company. The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the Loan. The Loan is repayable at any time without penalty. The Company expects to repay the financing upon receiving funds from some of its other investments.


https://finance.yahoo.com/news/premier-diversified-holdings-inc-closes-213917392.html