RE:RE:RE:RE:i like buying stocks....True enough about the interest - it was more of a concept of lack of foresight a year ago vs ability to get some return on the risk right now (royalty is paid ahead of salaries and interest, for example - it's not just a variable rate but one that comes out of net revenue afterall.
If interest is to be transferred (even temporarily) to royalty only (before financing), then total revs can conceivably increase - assuming they can acquire more short term projects. That's the concept - and the only one that makes sense to me since all other bullets have been used. And despite the royalty just being 'recycled' back into the company, it comes with benefits. Namely, Vertex gets more debt assets and fair value should increase above cost once again; if they care about fund aesthetics. But it only makes sense if there's a direct increase in absolute revs.
Announcing another SDI project would be quite the magic trick - but too many private cameras pointing in their direction and too many skeptical people looking for a trap door - not to say it wouldn't be legitimate news, it'd probably just come with huge initial doubt.
I also didn't really consider that scenario because we have DA's with Airmap and not with the DRC. There is a need for a mediator - Intermap has already stated that they can not do with the 'prime' does. And they can't just replace the prime because then that delays the process an indefinite amount of time, which we don't have. It's just not realistic to me.
"On track" is an extremely loose term and is completely subjective - and when stated from someone who has been working on this deal for over 3 years says 'on track', they implicitely have a different perspective and bigger picture to deliver that message; so from our perspective it feels like we've failed, but we have zero information. I imagine Intermap would love to communicate those to us but they appear to have 3 guns pointed at their head right now telling them to stay quiet (DRC, Vertex, Airmap) - that's the reason why equity has eroded more than anything.... even without financing, a little transparency/communication would go a long way and people would easily still accept the return to risk if the perception of transparency existed.