TSXV:POI.H - Post by User
Post by
Leafs4Lifeon Feb 01, 2016 4:24pm
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Post# 24513879
Down to Crunch Time
Down to Crunch TimeThe bridge loan note declared that the money would be available in on or before February 5th, which is this Friday. It goes on to say that they expect the financing to close on the week of February 15th (two weeks from today).
I think execution of the load is contingent on Slyce's ability to close the financing. If it doesn't look like the financing will close, there would be little reason to extend the loan.
Some people on this board have had access to people inside the company. If we haven't heard anything by Friday, could someone shoot an email asking if the loan has been exercised? If the answer is yes, I will be more confident that the financing will close.
Thanks
Leafs4Life