RE:RE:RE:RE:Q1 financials
You are very mistaken ganndolph. On March 17th only the credit facility was paid off with the gold loan not the short term loans in 10a as well, It clearly states on page 11 and 12 that as of March 31st, 3 million is still owed on a promissory note and 18.2 million is still owed on the bridge loan. According to your math the 22 million dollar gold loan was used to pay off the 22 million dollar credit faciltiy as well as the 21 million dollar bridge loan and promissory note. I have no idea how you got that from page 4. And yes the gold loan is being paid in gold payments, so it may not be a cash item but its still a debt and the value of that debt is 22.6 million. So when you're evaluating a company's worth (enterprise value) to a potential bidder you have to include the value of the debt regardless of whether it's being paid off in installments of gold, cash, or bit coins. You should read the entirety and the context of a post before responding, and actually look at the source material properly before telling others that they're wrong.