GREY:IPHAF - Post by User
Post by
BornReady1970on May 21, 2009 7:36pm
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Post# 16007755
Why did ISA prepay debt?
Why did ISA prepay debt?It appears to me that the strategy going forward is to wiat for LUX to save management. If that is in fact the case why did management prepay the debt? I would think that $700k in interest is less costly than ~30% of the company, the IP, and the tax shelter. What is Paladin bringing to the table that make this a better strategy than debt?
Would anyone out there support an alternate option of $6m in debt with 40m warrants at $0.17 and a requirement that Frost step aside?
I'm serious about this, ISA would retain full control of its IP and could monotize the tax shelter for additional funds if required.
any thoughts?