GREY:IPHAF - Post by User
Comment by
BornReady1970on Aug 12, 2010 5:10pm
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Post# 17346401
RE: Penny Stock Investors and Cash Flow
RE: Penny Stock Investors and Cash FlowI am happy to see that management acknowledges that debt financing is not available (it is not listed as an option for obtaining cash). It appears that they are hoping to issue more equity. I am confident that a public offering of equity is off the table (no broker would ever underwrite the issue). So it appears that ISA has hung it's hat on the private equity peg, or in the dreamland scenario, a partnership for transplant or psoriasis.
Be assured that any private equity deal will be at less favorable terms than the Paladin deal, and keep in mind that Paladin got the tax credits that effectively paid them to do the deal.
Sorry for the bad news, but those are the facts.