RE: RE: RE: RE: RE: fyp4gRE: Why was it that Norbe"Someone posted that Sirit had aquired a fairly large line of credit and for what reason? Maybe this is it.
Inthe face of a takeover, a target company may require capital toundertake a stock repurchase, recapitalization, special dividend ordefensive acquisition. It is prudent to ensure that the company hasadequate room in it’s credit facilities or obtains sufficientadditional credit capacity to have maneuverability in the face of atakeover."
Or maybe they used it to to pay monies owed to Wolf? The line of credit is basically used up (to pay RSI Debt).
That AGM must have been an excellent feel good session as it sure seems to have made some faithful believers, based on promises and reading between the lines.
But then hey I was one of those shareholders with Westaim when they showed us those gorgeous new iFire T.V.'s that where going to revolutionize television sets. Thing I still can't figure out is how they got those displays to look so darn nice, when it turns out the technology was flawed. Surely they didn't lie to us shareholders and rig up something other than what they where touting!
John