GREY:EORBF - Post by User
Comment by
hellohellokittyon Jan 14, 2015 3:21pm
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Post# 23319576
RE:RE:Orbite Receives $3M Funding from Investissement Quebec
RE:RE:Orbite Receives $3M Funding from Investissement Quebec It's a "bridge loan" which means it is given meanwhile securing a bigger round of funding (either with IQ itself or another entity).
When we are going get the full financing I bet you are going to find other creative ways to give it a negative spin ;)
MoneyCristo wrote: 3M @3.5% risk free for IQ, is a good deal for IQ. Are we to understand that IQ won't be contributing more for the remaining 26M needed( if i recall, we needed 30M)... So who's left for financings options?