GREY:FTPLF - Post by User
Post by
Contrarian333on Jun 17, 2019 4:39pm
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Post# 29833191
Step 1 complete - no dilution
Step 1 complete - no dilution IQ has also agreed to extend the moratorium and the term for
an additional 24 months and subordinate its security in favour of third party
lenders in the event that Fortress obtains new financing, subject to certain
limitations.
I would expect FGE to now find a secured lender - pushing out the IQ moratorium further and bringing cash to the balance sheet - cash that can be used for the business and to tender for converts..........