RE:RE:RE:RE:Time is of the essence - does a deal get sorted out I went and re read the 7 million deal and see what you saying I hope they are able to use the inventory because more share issues is just going to cause more dilution and its already linke 900 million shares when its all done and said
truthseeker1 wrote: The way i understand the deal is ZENA had to pay 7 million cash interest on the 58 Million debt owed by Decemeber 31 ;; Sundial had bought the debt balance of 51 million ;; the only way zena could make the payment was to sell a big wack of inventory at (what I beleive) firesale pricing to come up with the money ;; Sundial was hoping zena defaulted and thus force a possible merger
fundamentalinvestor wrote: I view the agreement as an option - Company A says - Hey I'll give you the $7M you need to pay your loan payment - if you give me the option of either acquiting $7M in a private placement and enter into exclusive merger discussions or if don't chose that i have the "option" to take it in supply.
You see it different?