Run of River Power Inc V.ROR

RE: RE: Green Energy bankrupt

[smoking81]

In January 2011, the Corporation issued $1.2 million non-brokered private placement of unsecured debenturesOn April 14, 2011, the Corporation announced a non-brokered private placement of up to 16,666,667 units of the Corporation (the “Unit”) at a price of
.09 per unit.
The new units just barley cover the debentures and there probaly is a requirement of the loan on brandywine to put in more money to cover as the plant has never been profitable and can not cover a $14M debt. If they start laying people off the severence packages will eat any money that may still be left.