GREY:OLEPF - Post by User
Post by
tony1969on Oct 16, 2012 12:23pm
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Post# 20488989
Badr's 13% investment....
Badr's 13% investment.... Hoosier you mentioned in a post on Oct 6th that Bendon and Badr will not be diluted. I understand Bendon because they are apparently keeping up with their payments. Badr on the other hand does not have to make any payments.
This is from the presentation on their web site.
"Badr's carried interest is subject to recoupment of capital expenditures and funding partners sunk costs plus interest thereon."
If they do not contribute a penny then how can they keep their 13% after all of the new shares that have been issued through the years.
I believe that in order for them to keep the 13% they must as the quote says pay a certain amount of the capital expenditures that the company has incurred plus interest.
This makes sense to me. You cannot maintain you % stake forever while contributing nothing. Comments?