GREY:WFEMF - Post by User
Post by
$HAWKon Dec 03, 2013 6:36am
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Post# 21962865
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$$$$$$I agreee with SEP, a PP @ the .10/.11 sp value at this time would be devastating and suffacate the sp, WE DO NOT NEED 9/10 M $ all up front so a BRIDGE or LOC structure @ a reasonable interest rate, with a stated max. using the $'s as we need thru our development progress along with positive communication.
WOF has a variety of assests for security, so as we enhance the sp thru the above progress in the meantime only pay the toll (interest) on what we require at that time as we approach the max, by that time we would be in production or close and possibly not even spent the 9/10 m$.
IMO I would not consider a PP @ less than .25, so I have confidence that our BOD will certainly consider SEP thoughts, I have believed that DEBT should come first then dillution, how we put the cart before the horse is a pain for us now $HAWK