RE:RE:Sprott and the credit facilityTalladega, I would agree that Sprott is running thin in this environment but nonetheless will always leave room for protective dispersements. It makes perfect sense why Sprott equity fund would not participate in an equity offering but may provide debt financing through their debt division. Debt instruments sit in front of equity, and since the Company has no secured debt it would rank first. This would ensure that if the Company tripped any covenants Sprott would cut off managements toe and take over. This would provide them with control that I'm sure they want but would be too difficult and messy through shareholder activism, not to mention it would put out the wrong message to other companies they hold. Sprott financing this deal is not a certainty by any stretch but is a real possibility.
I can sympathize with your frustration with this Company but you seem to bark at anything and everything that gets posted, a man on a mission. Unfortunately your mission isn't helping yourself or anyone else.