RE:RE:RE:RE:RE:ZENA was late to the trough... The company will most likely find traditional financing from the big banks before all this debt is due, and ZENA can start paying it off starting October. So I’m confident they will be shopping at the banks for a more favorible debt deal.
The high interest rate and strutting fee was probably necessary in lue of more warrants and dilution. So as long as they can swap this debt for cheaper debt sometime soon, then overal this is a good deal, saving excess dilution. It also bought the company more time to pay off the debt, pushing it to June instead of this October.
I feel the company is doing the best they can given the current market conditions, which are less then ideal right now.
sotypical wrote: interest alone on the 50 million at 14% is $584000 PER MONTH