GREY:LFDEF - Post by User
Post by
onxy10122012on Sep 15, 2019 10:32am
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Post# 30128182
Professional Fees Related to Financing of UD Constellation
Professional Fees Related to Financing of UD Constellation Excerpt taken from the recent 6.6 mil financing:
The proceeds of the Financing will be used primarily towards the partial satisfaction of the deferred consideration payable to Land O'Lakes, Inc. for the acquisition of Geosys, professional fees related to the expected financing of the UrtheDaily Constellation, and debt service costs.
( Professional fees related to Financing of the UrtheDaily Constellation )
That last sentence is sending a message!! Interpret it however you like, but I think this is a subtle hint that things are moving forward. They didn't have to include that in this news release.
As for the 17% that has a few people upset remember these are shot term loans and couldn't get done otherwise. So what's 17% of 6.6 Mil for one month = $93500
Chicken feed when dealing in hundreds of millions. As for the other loans that are 17% it's the same. Short term loans that can easily be payed back with the sale Deimos and UD financing.