GREY:NKRSF - Post by User
Post by
monzieon Jun 30, 2016 12:06am
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Post# 25011119
Diamond Settlement
Diamond SettlementHere's what I don't understand at all. The total amount remaining that they owe Diamond is only 31 million dollars, and they have until September 30, 2017 to pay it off and it's interest free. So why would the lenders restrict them from making these payments? They have the cash to pay it off in full so why not let them just get it over with instead of risking the company having to pay 4 to 5 times more if Diamond terminates the agreement. We've got a guy from Haywood and a guy from BlackRock on the Board surely they've gotta see that this makes absolutely no sense. But atleast the company says they're talking to Diamond and trying to seek a resolution, I'm pretty confident they'll work it out but who knows how this will affect the shareholders. Oh well on the plus side the company's assets went up by 200 million dollars from last year.