GREY:ISOLF - Post by User
Comment by
jb24on Sep 15, 2018 12:19pm
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RE:Profitable & Cash Flow Positive within the next 6 months!
RE:Profitable & Cash Flow Positive within the next 6 months! I agree , smart way to go.gltals
CBDInvestor wrote: Now I see zero downside to this.
They could pull a $10,000,000 line secured against their assets @ 5% and pay $500,000~ in interest. They would pay more in fees executing/carrying out a private placement to sell equity.
I believe the new CFO will see the opportunity here. Taking on a debt load when you're within six months of cash flow positive is a no brainer. Drive the SP north, THEN do a PP and pay off the line with equity when the SP is in your favour.
Issuing 200,000 shares 6 months to a year from now at $50 is far better than issuing 2,500,000 at $4, even if it means paying $500,000 in interest.
The effect of a 5% dilution right now is far worse than 5% interest.
Just my 2 cents.
#CBD