Naive or stupid? Incredible, how people can continue to believe these two promoters paid .
You can go anywhere in the archives and you will find things like that, incredible.
RE: RE: RE: RE: RE: RE: kodiak financing is a disa
11/24/2011 10:54:36 PM | | 104 reads | Post #30404070
fairchij,
I agree with you 100% re:Kodiak.
The nice thing about it is that it works in both OPEL's and Kodiak's favour. It's practically the definition of a fair deal.
OPEL has all the benefits you describe, and Kodiak has it's risk scaled to OPEL's success.
If bruce turns out to be right (which would be purely accidental since it's just a wild pessimistic guess with absolutely no evidence to support it), than a year from now OPEL will be maxing out their agreement at today's low SP and giving away a 20%+ share of a struggling company. Good for Kodiak.
If POET is what we think it is and OPEL goes to Kodiak next year after a substantial increase (let's say it hits $5) than Kodiak never get's a substantial share of the company but gets a smaller share of an increasingly successful company. Also good for Kodiak.
It's a win-win scenario for Kodiak and also for OPEL since they don't ever have to pay a red cent or one share if they don't need any. I know nobody really gives a scrap if Kodiak is happy or not. But there's no reason to think OPEL is desperate and that Kodiak is somehow taking advantage of OPEL. It is a sound model for lending money by scaling risk according to the value of the company they are lending to. It's really very elegant if you think about it.
I think that's why when I called the company to ask why they thought the SP tanked after the Kodiak announcement, there was a long pause, a long exhale, and then one word: baffing.