GREY:ADEXF - Post by User
Comment by
crazyanalyston Mar 03, 2014 2:33pm
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Post# 22273979
RE:RE:RE:XinXing gives 1 year extension on convertibles
RE:RE:RE:XinXing gives 1 year extension on convertibles
I see where you are coming from, it seems we want "hope" because today we saw some "forward looking news" indicating easing of requirements to the debt.
But lets take a more realistic view. If XinXing demanded all 5 million back today, they wouldn't have been able to get it since it doesn't exist. So more than likely to me, it seems their strategy is to squeeze as much as they can with the little money John can raise until John finally calls game over.
In effect, XinXing get backs 200k this year in interest, 200k the next year when John dilutes us yet again, and when there is no more squeezing left, at least they got back something on their 5 million rather than fully defaulting.
If XinXing truly was a partner, they'd commit and give AXI the full 20 million or so they were suppose to and fully convert.