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A comment on MoviePass couldn’t afford to pay for movie tickets on Thursday.

Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by christianmunoz on Friday July 27, 2018 @12:47PM (#17627286)
Links from the SEC website about this $5m loan:

Promissory Note: https://www.sec.gov/Archives/edgar/data/1040792/000121390018...

8-K Filing: https://www.sec.gov/Archives/edgar/data/1040792/000121390018...

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by ironjunkie on Friday July 27, 2018 @01:24PM (#17627562)
From the Promissory note:

> the principal amount of Six Million and Eight Hundred Thousand Dollars ($6,200,000)

Is this a gross mistake? Or am I missing something ?

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by arzt on Friday July 27, 2018 @01:45PM (#17627705)
No, this is what's termed an "Original Issue Discount" in debt parlance and allows for a lender to earn interest without a cash coupon on the loan. Basically they give them $5mm, but the "par value" of the loan is $6.2mm. So MP actually owes $6.2mm, but only got $5mm in cash up front.
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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by jmgao on Friday July 27, 2018 @01:47PM (#17627720)
I think they were referring to the "eight (2)".
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