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Northstar Gold Signs MOU with Hunan Nonferrous Ltd. to Develop Gold Resource (click to learn more)
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Forterra Environmental Corp FEVCF

Agriculture Agricultural Inputs


GREY:FEVCF - Post by User

Forterra Environmental Corp > $600,000 Dedenture NEWS
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Comment by hjangelon Mar 30, 2009 9:56am
331 Views
Post# 15881094

RE: RE: RE: RE: $600,000 Dedenture NEWS

RE: RE: RE: RE: $600,000 Dedenture NEWSQuite right all - read the news release too quickly and missed the interest rate disclosed at the beginning :( 

Had a discussion later that day with IR to clarify the details of the financing and am quite satisfied with the information provided. 

Have never been a supporter of the loosely regulated "bonus schemes" that continue to infect today's corporate culture however, posters on the board are also quite correct in that the 12% rate is below the average 15% financing rate that other companies have been raising cash at, management did avoid a financing fee by not going to the market for the cash, and the number of bonus shares issued could have been worse!

Thanks for the excellent posts all - keep them coming and GLTA - HJ





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