GREY:IPRSF - Post by User
Comment by
nervous64on Aug 30, 2017 12:48pm
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Post# 26637748
RE:From Q2
RE:From Q2Here's another beauty:
The Term Loan is subject to various information, affirmative and financial covenants. As at June 30, 2017, the Company was in default with respect to some of the financial covenants not covered by the latest amendment and waiver agreement. The lender has not called the loan. The Company is negotiating with the lender on a waiver for this default.
Read the M&A, the deficit and the interest and fees being paid is staggering!