This initial loan has been paid to Metanor april 30, 2012; you are right telling us that interest is a flat rate of 12%,however,this rate is effective from april 30 and Metanor don't have to make the first paiement before november 30,2012. So,the true rate is 12%(rf. french document dated 25 avril,2012,SEDAR).

Hope will stop this constant BS  about the managment of Metanor................................