RE:RE:RE:The Risk of Investing in Big Wind CapitalI agree that financing is at the very least confusing and taking too much time. Though, would they really had given 660K$ if there had such a gap between a done deal and an agreement that does not succeed?
I think everything is set with the financing and the DA, they just wait approbation from the exchange, which probably already have papers in hands.
Technically wise, I feel like we are very close.
AwareInvestor wrote: wilwal wrote: That's a well written article which properly identifies the risks, which is foremost in the completion of the Definitive Agreement. Nothing much happens with BWC until that happens, no matter how good Hill Top looks.
They did struggle with financing and have not presented a really clear picture of the financing and the deal with HTS. Presumably the financing is done and the way is clear for signing the DA.
Interesting that the article suggests there is still effort out there to raise capital. That wouldn't surprise me as they will need it. The typical procedure would be for management to offer it before signing the DA to attract investors looking for a boost in stock price after it is signed. We will see if it plays out that way.
Personally, I haven't seen any red flags that would suggest that the DA isn't going to be signed off.
I believe there is still an effort due to the way the latest tranche closed. It was identified as a first tranche closing, related to the additional financing. They may be looking to complete it up to the full 5,000,000 units. I think investors are put off by the unclear terms of the acquisition i.e. its not explicitly stated what exactly it is that they are obtaining from Hill Top. This is due to not knowing what assets exacting do or do not pertain to the US government.
IMO, Hill Top would of been better off just going public itself. However, that is not the case. Should this deal actually happen, it will be great for BWC. Only item that leads me to believe it may not go through, is how long this financing took, and how long it has taken for the companies to agree on a definitive agreement.