GREY:EORBF - Post by User
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Soulinvestoron Dec 16, 2014 8:17am
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Possible Bank Loan
Possible Bank Loandalesio_98 Quoted from the Glenn Kelly interview that Ort is looking into a bank loan with the plant and equipment used as PART of the security needed to secure the loan. That would be a positive step since if the commissioning does not go well the value of that part of the security will not be worth too much. Thus the bank would be taking a big risk betting on Orbite to succeed. Judging by Ort's past performance I am expecting dilutive financing from Creed. But hoping for alternative less dilutive financing.