GREY:EORBF - Post by User
Comment by
jailtraderon Nov 30, 2012 9:27am
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Post# 20665181
RE: RE: RE: RE: RE: private placement
RE: RE: RE: RE: RE: private placement Nakate.
I'm afraid you might be correct. This type of financing seems to be the future for small cap mining and processing. A very similar deal was struck with GWG, even had the same 8% rate of return. Unfortunately, buried in the fine print was how this agreement essentially killed any further financing deals so if they come up short again dilution becomes the only option, but not at the bondholders expense. I wondered for the last few weeks ORT could not get traction much beyond the 2.50 point, so now I have my answer.
So much for a Rousal deal, with any financing, more of the same.
Feel free to try and distract this all back to GWG, Clubnut, but it is what it is. Existing shareholder who bought above 3.50 just got shafted, o ya, all in my opinion of course.