RE:RE:RE:lenders to amend the three-year term credit facilityIn my opinion, there's no raise with 450m + shares in the kind of economics these LPs are facing, the refinancing was the last move effort trying to buy time while still taking a paycheck. Say it's possible to even keep your head outta water and service that huge debt, how do you ever grow? This co, has a 70m MC, if quarter after quarter your not only servicing debt but making a multiple to justify the MC, then where does this go? This isn't a gamble anymore guys.
JiffBeasauce wrote: intristing, hopefully its a we dont need it situation. The fact they had to amend terms "The requirement for a minimum restricted cash balance has been removed" show that supreme could be low on cash and cash raise coming shortly? I guess If supreme can be profitable right away could run on tight budget in short term, we will find out soon...