Stand by creditAll things considered, this isn't THAT bad. Eigen is right - should have been done way sooner. But this is the price you pay (literally) for diddle-dallying.
At least we're not diluted to hell at
.50 a share!
Well, the inevitable has happened, and at least management realizes that we're going to need funds to pull us through continued times of uncertainty and the ramp up period. I'm not excited about the agreement, but I am satisfied that we should have enough powder to see us into our production period; by then, we'll have revenue (should have revenue) to offset the costs of the financing.
Today's announcement does remove a great deal of risk. That is certainly positive, and at this point, let's just take what we can get (in terms of "good" news). Only announcement left is one that confirms SALES.
Barisian