OTCPK:EMMBF - Post by User
Comment by
deminimison Oct 16, 2017 8:30pm
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Post# 26819733
RE:RE:RE:RE:RE:RE:Emblem 25 Million Deal
RE:RE:RE:RE:RE:RE:Emblem 25 Million DealI am surprised that they didn't use their 80 acre land as secuity for debt financing, they paid cash for that land. I wonder if they are waiting until it that land is licensed and they have made material progress towards the first expansion, the rec bill has passed the senate and they have achieved profitability. I imagine they will be able to secure a big loan once that has occured.
Anyways between the 25M they just secured, future debt financings and the 47M in outstanding warrants and stock options (excluding the 12M callable warrants listed in the table above) I don't think they will have to do any further equity financings any time soon.
As much as I would have liked them to wait a bit to do the financing, if they waited until they really needed the money they could have really been squeezed by the financers, you always want to secure money before you really need it.