Future Flows So I wonder what is going to happen to those convertible bonds coming due at the end of August? I expect the bond holder might well demand cash, especially if the stock isn't trading. And if it is trading it may be trading for less than 85 cents.
Any of those 85 cent warrants that weren't exercised may well expire worthless. Ouch. The treasury is going to be wee bit bare.
Is there enough cash in the bank to pay off the other technical reports? If I was working for BGM I'd be a bit nervous about any over due billings.
Will the company need to do a round of financing to save a property from the convertable bond holders? If so, I expect a PP at 10 to 20 cents (bankers are fough greedy b*st*rds) with a full warrant expiring in 3 to 5 years at 20 to 30 cents could be sold, for a 8.5% finders fee mind you.... GBs must be paid...
Hey, Bigbags, I hope you kept a bit of fire power to average your average price down. Bargoons are a coming. Maybe so of those warrant holders who locked a 2% of 5% profit are having a good laugh today. The warrant may well expire worthless but man that short is going to pay. Tough break.