Borrower has an ELF loan balance of $10,000 as at 31 January 2019, including accrued interest and fees.Eligible loan amount: the amount eligible for the discount would be ~$3,333 ($10,000 x 1/3)Discount: the discount would be ~$3,333 x 30% = ~$1,000Payment: the borrower would be required to pay ~$2,333New loan balance: the new loan balance would be ~$6,667.
its a 10% discount.... just worded creatively.
Im not interested in converting until we get some progress
ECT Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held