RE:RE:new herezena keeps digging a bigger hole with trying to delay debt payments 14% interest;;a % of future sales ;;3 million in fees to redo the last deal and we are dealing with well over FORTY MILLION shares short u do the math ;;;;;;Dilution that will reach almost 900 million shares in the next 12 months ;;;;
mydogchach wrote: hopefully zena can sell the delta plant and add 10 mil to the coffers and pay down some of this debt.
Zena was 'advanced' $7 million - which is to be repaid immediatley on the sale of Delta. Delta was supposed to have sold by now - but hasn't, so the $7 million debt was pushed back to late this year. Hopefully it sells by then - because they're paying huge for the short term financing.
Regardless, any money received from a sale has already been spent.