RE: Thoughts? Seems pretty good to me.
1) We avoided the heavy dilution that would come with an equity placement.
2) 11% isn't unresonable for a short-term credit facility. And fees are in line with what you would expect from a credit facility of this nature.
3) The fact that we didn't go with Equity financing tells me management is confident that we'll turn around the cash flow problems quickly.
Coredigger.