RE:RE:RE:RE:RE:RE:RE:NewsIMO, never said 100% and no problem on the effort to help, you still have a chance to get out with your .60c... I had to tell you what percentage they were paying in interest instead of you looking in their financials and realizing. Shows how valid your responses are and how much you understand your investment. I came here when this thing was almost 2 bucks and now barely grasping in the .60c range, clearly the market doesn't think Im wrong either.
Absolutely right about banks, they dont loan to not make money, there making HUGE right now.. 3.3 MILLION a year in INTEREST only charges and thats only on the 55m! Why should you be choked about a cash injection? Because your company guided 150-180M a year and had a 11m first quarter and took a HUGE loss, when they should be using the profit to fund the business, cutting staff, downsizing to get tight running operation and doing it themselves and not hiring more staff, wtf, nav go put on your boots and work in the grow!
That money is being borrowed with your head on the line, not theres, they wake up and get that nice paycheck everyday. If, sorry i mean, when, they default, instead of potentially getting some of your money back when they sell the assets, you now get 0! Oh, and those convenants we were talking about, probably state they cant do any other financing with high class of debt then the bank has on them, and probably no financing in general without there approval. Well doesn't matter anyways because they probably already found out no one else will lend them money anyways. Tier 1,3 or 10 doesnt matter, the only reason its tier 1 is because there using there main asset as collateral, and thats what the tier 1 will borrow on. Its the fact that the whole facility is tied up now. You think this is bad now, just wait a few months when nothing has changed. Just over 9 mil a quarter in employees salaries and benefits, yikes! I know one thing for sure, people are definitely getting rich and its not the shareholder here. BEWARE!
maritimedreamer wrote: oh so now we go from 100% to 50%.... only when u were called out.... interesting.... so let us dive a little deeper here...... you do know that this is coming from a portion of term loan as well as an operating line of credit...... Let us be quite honest here..... tier 1 banks have NO INTEREST in forclosing on any sort of company unless they have NO OTHER CHOICE..... you don't think BMO completed enhanced due dilligence when completing their loan for Supreme? You don't think they understand the risks that are at stake here? I can tell you one thing for sure, you do not know as much as BMO does.... they were privy to much more information/projections etc that is only shared with BMO. This of course is a NORMAL loan application ....
Again, why would we be choked about operational cash injection? the inetest cost is negligable compared to that of the future value of what they will use this money for..... Supreme has proven since day one they are good with their money. But like opt says, thank you for your kindness to come here consistently to tell us Supreme is dead in the water....... alot of effort to help people like us.....