RE: RE: RE: RE: RE: RE: RE: Oxymoronic and telling time for me to almost pat the outed perv drunken tard CanackShack on the head but not quite as he is still fraud posting:
<<There is no interest payment savings because they never intended to make any payments. The loans were slated to be payed off in full as soon as the grant money came in. So there is no effect on the balance sheet or income statements.except for the $78 million itself. Is that clear ??>>
<< this is directly from WND most recent Q report (Page 11 i believe)
<<Windstar bridge financing
The Company signed a financing agreement with Rabobank to finance the Windstar project for up to $55,000,000 in the form of a letter of credit (“LC”). Interest on amounts drawn from the LC is based on LIBOR plus the applicable margin. An LC fee is also charged on the undrawn portion of the LC. Interest and the LC fee are due monthly. The loan matures on the date upon which Windstar receives the U.S. Department of Energy cash grant described below but no later than July 31, 2012. As at March 31, 2012, Rabobank had funded $54,715,848 of the LC (December 31, 2011 - $51,013,346). Pursuant to this agreement the Company will pay a construction loan commitment fee of 0.625% per annum on the daily average unutilized construction loan commitment. The fee is due quarterly.>>
so while CanackWhack is specifically and completely wrong, i conclude the amount of interest associated with this is likely fairly small which would mean the incremental increase eps would be small which would mean the share price would not likely increase much because of this... hmmm and what happened to the share price... hmmm i win i rest my case
now some positive but hard to estimate corporate "risk" would decrease which could result in a higher multiple being assigned but that IMO is too early at present... as WND and jeffypop still need to show the market that they can deliver results.