Post by
intheknow8 on Oct 06, 2010 12:07pm
Financing
1) obviously good news that RH was willing to lend more money.
However at what cost? There was no mention of the interest rate
to be charged. Also are there more shares being allocated to RH
increasing the 'float' further?
2) it is troubling because of course Loan was required because
Adeptron have almost maxed out their Line of Credit.
3) also did RH have any choice? They have already pumped $6mil +
into Adeptron - so isn't this a case of them having to protect the
investment they have made so far?
4) how much of this money is going to be used paying off Marti?
Marti leaves and in keeping with his contract is still owed $500 - $750K?
5) what is next? Because Adeptron plants are severely underutilized
don't they have to try and sell off one of these facilities and associated
Labour to another EMS firm - to reduce cost and raise cash?
Your thoughts?