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Cody
Is the forwardline note going to be paid off with the proceeds of this offering? It is secured by assets and has the highest interest rate.
NextSeed
Hello Cody, thank you for your interest! The Forwardline note is already almost paid off (only 8 weeks left!), so it will just be serviced in our normal course of business.
Clayton
Looking at the financial statements, the company has declining total revenue and net income from 2015 to 2016 and 2016 to projected 2017. This is followed by large increases in both revenue and profit on the forward statements. What is driving this ...
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Red Diamond Yoga
ISSUER
Hi, Clayton. In the 4 years of operation little to no money has been spent on marketing or advertising, and our success has been a result of word of mouth. In order to gain market share and momentum, funds from this campaign will be used primarily f ...
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York
Would there be any alternate perks for out of state investors? Unfortunately, we will not be able to use the gift cards.
Red Diamond Yoga
ISSUER
Hi, York. Unfortunately, we don't have any alternate perks. We hope you'll come visit or gift your reward with friends who may live in the area, though!
Anand
I'm a bit confused by the interest rate. Is it 13.5% per year over 4 years for a total return of 1.66x or is it 13.5% over a 4 year period for a total return of 1.135x. The calculator at the bottom of the page seems to indicate it's the second but th ...
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Terence
Anand, it's amortization. It's 13.5% interest rate on a loan (like car loan or mortgage), where you get part of your principal back on payment #1. You can't think of it as a multiple because of time value of money.
Anand
Understood. The return calculator on the page is misleading. If you calculate it like a loan, you get ~1.3x your principal back after 4 years.
Red Diamond Yoga
ISSUER
Thank you for your helpful response, Terence! Anand, you're right that after 4 years (with monthly payments) you would get ~1.3x back at 13.5% annual interest rate. The calculator is intended to illustrate this. We apologize if the calculator seems c ...
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