GREY:TSTIF - Post by User
Comment by
MustangSalleyon Aug 02, 2018 1:37pm
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Post# 28405555
RE:RE:RE:RE:RE:Echelon Wealth Partners: Buy rating and $1.80 target for TOS
RE:RE:RE:RE:RE:Echelon Wealth Partners: Buy rating and $1.80 target for TOSIt isn't that hard to get $20M debt when you have $30M inventory at market prices and just recently got FDA for duoscopes. Especially when you are stuck paying 50% back in interest (unless you outperform and get 400 installs etc) on what would amount to net conversion costs for Courage of $.41/share US.
Worst case scenario for Courage is if tos can't make the principal payments 5 years down the road, at which time they or someone else will roll it over for 50% additional interest. Anything with FDA and a big market potential is always financable with equity if you do a share concolidation (which Courage won't mind due to anti-dilutive clauses) so TOS can always do a $20M financing 5 years down the road too. Very safe investment for Courage and TOS has to perform to make it pay off for them.
GK's last employment is trading at $.045 so his next great deal will be his first.