TSXV:TRL.H - Post by User
Comment by
LTOWNERon May 12, 2014 12:35pm
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Post# 22551126
RE:The BIG Question is why Melynk selling at this price level
RE:The BIG Question is why Melynk selling at this price levelIt's not a 'big question' to anyone else here. The cost of leverage sir! Interest payments do not wait for investment results. Let's see, the $150 million loan (see link below) at say 6% (just an example) = $9 million interest due per year plus principal. And this refinancing was announced 1 year ago, April 16. Can you name one of his assets that is generating cash? It is unfortuate, but the sales are a financial necessity. Melnyk knows no more that you and I about the outcome at the end of the month but he knows better than you and I the probability of successful outcomes and he bet a lot of money on those outcomes. But your purpose here is not to be informed is it?
https://www.marketwired.com/press-release/eugene-melnyk-completes-150-million-refinancing-1779216.htm