GREY:ROAOF - Post by User
Post by
tatkoon Dec 20, 2008 7:54am
492 Views
Post# 15659260
Question
QuestionMy take:
With Cannacord deal we would get 200 million for about 35% of the company assuming the worst case scenario ie. the whole 112.5 million in interest would have to be repaid. This 200 Million would easily carry us through next 18 months even with this oil prices. Then OILEXCO's market cap was still about 600 milion.
With RBS "deal" we are giving away 25% of the company for 47.5 million. This will carry us only until January 31 of 2009. This money is also repeyable on demand (47.5 milion) The market cap is about 180million.
This is an open question to Mr Arthur S. Millholland and the Board members: How is the RBS deal better than the Cannacord deal ???????
Can Anyone correct me if i am subsantially wrong ?