RE:RE:RE:RE:HCG will be $15 stock if banks are willing to lend at 3 bpeffective rate of Hoop deal is between 10 and 20 %, so this will be a savings. why do think its a worse deal? isn't a lower interest rate better?
i thought the overnight rate would be 0.5 % so between 3 and 4 %.
the idea of this is to provide liquidity- to stave off the concerns of GIC and savings a/c holders.
they can continue to borrow from depositors- but this should earn back some confidence.
and doubtful they will have to put up the amount of security the HOOP required and won't be forced to hire a specific CEO like what they previously rejected.
but of course nothing this company can do or present will ever be positive so bash away.
But this is part of the plan laid out by the new directors- Hibben and company- replace the HOOP loan. I trust Hibben's judgement that this will be a better deal- despite your keyboard prowess- none of us know any of the nitty gritty details until they are released- its amazing so many experts with so little actual verifiable information.