Urthecast Corp LFDEF

RE:RE:RE:Some financing

[swissfranks]

The reckoning is very near now. Nobody who is in the process of raising money would put out a press release stating that if they don't get more money right away, they will have to restructure. Not even a shylock would lend money to a company saying this to the world. That is very thiny disguised language preparing investors for a declaration of bankruptcy. There is no other rational explanation. They will later point to this when the world decends on them and claim that they were not saying things were fine right up until the end. A company only releases this if they have no other option available.

I should also note, it is clear that this loan is not from an arms length lender. Nobody gives a borrower with no cash and no business the right to draw the balance of the loan at their own discretion. I have been in financing my entire life and those are not terms given to a company in this position. That was inserted into the release specifically to make it seem like they have no need for the money. To soften the blow of the restructuring language. We all know the truth. It is plausible that the announcement of the loan may have been made entirely to serve as a vehicle to obscure the near bankruptcy announcement. It doesn't matter. There is no financing coming. These are the death throes.