RE:RE:RE:A yearThe common consensus is “friendly hands”. But I know that’s not enough. If you read the terms of the purchase of NameSilo, you will see who lent the money and under what terms. If you go back over tge last two years of pp’s prior to the purchase of NameSilo, you will see the same man has taken part in a big way. Go through the latest filings on Sedar and you will see that same man is also the largest single shareholder of URL.C. Although there was a transfer of shares to another member of his family a few months ago (Canadian Insider) I believe. The debt is not a “demand note”.
Personally I think the debt is being put aside (as long as it’s setviced of course, and it is) until URL can get ancilleries up and going, show sufficient margin, and receive good % terms from an institution. As it is, this gentleman is making a ton more money on the stock price vs the debt servicing. Which is substantial I’ll admit.
Hope that helps. The debt is large. But so is the opportunity I believe, given what I’ve spelled out. And yes, even with the latest pop in the share price, I’m also of the opinion that the debt is holding the share price back.
Still undervalued, by about a dime presently, taking the debt into account imo.
BWB