Moving forward for the longer term now Fabulosa will get their last tranche of warrants in March. 1425000 at the average trading price for the previous 5 days, coinciding with options for the great job management is doing. Once these are issued maybe some ones thumb will come off the share price.
Cash flows are still an issue, but Fabulosa has one benefit, they hold no debt for Orvana and would certainly not want to own 52% of nothing. So they are the guaranteed short term lender or underwriter of last resort. Orvana executive will muddle through their lesson in cash management, and at some point achieve positive EPS.
2012 debt capital repayments will be about $9.2 million to Bisa in Bolivia and Credit Suisse.