A small para for review: We note that this quarter the firm advanced...

[Musicgold]

Hi,

Can you please review the following text for grammatical errors? Thanks. MG.

We note that this quarter the firm advanced an additional $10 million to the parent company under a revolving loan agreement, bringing the total loan amount to $30 million. The loan is structured as an unsecured promissory note due on demand, and bears interest at lender’s borrowing rate. According to the firm this arrangement allows it to generate an incremental income, better than bank deposits, without losing its liquidity. Though this argument has some merits, we would prefer to see that these related party transactions be kept at the minimum, and that the firm pays off its bank line of credit or deploy the cash accretively.

Thanks,

MG.