RE:RE:RE:RE:RE:Curvature... You Lack Due DiligenceCurvature wrote: Ferdie I suspect, that when they sold Black Fox the credit holder would have had to be involved. Just my opinion as it would seem credit holders would want assets to hold credit so you could not sell assets otherwise they have nothing to back their loans. So with this thought in mind I suspect a certain amount of the sale price has to be allocated to loan repayment and can't be used as operating capital. Like I said really don't know just using business common sense. If I lend someone money based on the value of their car I am going to have a lean of sorts on their car so they cannot sell it! Currently, I have no skin in the game one way or the other! To me it is just another lottery ticket should I want to day trade it! With that in mind, just offering common sense opinions nothing more nothing less!
That's correct. From the last CC :" Under our RCF and, basically, support agreement for the guarantee of the RCF, that Black Fox will be considered the non-permitted disposition. And we'd have to basically pay those funds back against the RCF." I think, elsewhere there was a notion that P would have to repay all the RCF if it sells any of its assets.