GREY:WFEMF - Post by User
Post by
Majormac79on Jun 06, 2012 9:17pm
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Post# 19987643
I disagree this might be good
I disagree this might be good IF you watched the details in the recent news
https://video.cnbc.com/gallery/?video=3000093922 At 3/4 to the end of the video Brian talks about the IMC deal
NOTE:
Brian mentioned that IMC and financings are almost all set.
Mr.Wesson says they are getting 70 million from IMC and we need around $115 million to buy and build the equipment necessary for the job.
It is disappointing that Woulfe is going for higher interest credit but the market isn't in favor of a junior starting out. Brian in the past said he would avoid dilution as much as possible thus I would expect that Woulfe only qualifed with the banks for 30-40million loan and had to make up for the slack through this transaction.