RE:RE:RE:RE:RE:RE:The $64 millionThe $64 million is HISTRY, period. RBI needs money fast, lots of it, I believed the way they structure the debenture is the lead investors will take half the issue, I think 40-44mln$ from BMO and Dundee is firmed, is that enough? I think the answer is no, maybe selling iodine assets is to make up the shortfall and get rid of a head ache at the same time.
As the saying goes, if you owe the bank $50 thousand, the bank will foreclose you house, if you owe the bank $5mln, the bank will lend you more money , so you can pay interest to them, If RBI can show some kind of production capability, this scenario might apply to them. LOL
The usual last struggle before chapter 11 is consolidation of debts, can RBI fetch water with a straw hat in the desert, lets wait and see, Sept. 30 is only a handful of days away. the shares is only worth 5 cents(old shares), what is amazing is the beaudet-holes on this board is still barking about "demand". LOL CHEERS, GLTA.