debt
confidence high
sentiment negative
materiality 0.55
Catheter Precision gets $100K CEO loan at 8% due Aug 30, 2024, adding to prior $900K
Catheter Precision, Inc.
- Entity controlled by CEO David Jenkins loans $100,000 via 8% promissory note due August 30, 2024.
- Note issued to FatBoy Capital LP, which is controlled by Jenkins; he owns >10% of common stock.
- This loan adds to $500K (May 2024) and $400K (June/July 2024) in prior related-party loans, totaling $1M.
- Repayment expected from proceeds of pending S-1 registration statement securities sale.
- Note includes customary default provisions; interest accrues at 8% per annum on 30/360 basis.