GREY:GYPHQ - Post by User
Post by
red911on Feb 17, 2012 9:08pm
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Post# 19552864
Financing...
Financing...I am sure Acumen and Roth will be there for some form of financing to get us through this. They have investors who were in on the 80M share offering and they have investors who hold the debt and warrants... I.e. they want to see this succeed as much as we do. That said, maybe they welcome CEO change... maybe they don't... maybe they insist on Board membership... maybe they insist the Board be fired... Would seem Acumen and Roth hold the cards right now... but they do have a vested interest in seeing this succeed. You don't scrap the company for a likely 2-3 month delay and some extra cash in the meantime... Heck the operation was only cheap to startup in the first place and heap leach issues will be solved.