GREY:NEVDQ - Post by User
Comment by
Arbourmarkon May 25, 2021 8:45pm
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Post# 33265255
RE:RE:RE:RE:RE:financials are very concerning...
RE:RE:RE:RE:RE:financials are very concerning...
you obviously know nothing about construction financing, 15% is standard. I own 500,000 sq ft of commercial space in Waterloo and have developed numerous properties over the years and 15% is the norm.
Where did all these bashers come from all of sudden, they obviously have nothing positive to say, don't own any shares based on their comments why would they. Do they have an some other reason to post on a board they have no investment in.
Further the company has a board of directors and are obligated to approve financing and Pala is an insider which present additional legal issues and conflict of interests so I am positive the financing is above board would have been scrutinized more so based on Pala being an insider and largest shareholder.
Consider the motives of a few here.
cashtango00 wrote: Its not a worse case scenero. its a reality called dilution. Work this out yourself, why are they paying 15% on debt? You think thats normal? A little more debt to equity LOL its 26m @ 15% and thats just the tip of the debt iceberg. Most of the debt will convert and they need lots more money because the well is getting dry again.
Clearly you haven't been around the block much. Do a little research on what usually happens when the largest shareholder becomes the largest creditor on insane terms.....talking to you is like feeding a 6 month old. So clueless.