RE:RE:RE:RE:RE:FCC Working Capital
operating lines are not secured generally, with the real assets of the company . They are secured by general security agreement and rely primarily on things like receivables and cash and inventory. Generally real estate only gets involved if they are pushing the comfort zone of the bank. In this case there is likely to be significant foreign receivables which probably puts them into a position where someone could give comfort to the banks like the EDC with a receivables insurance program. I see this issue as being a minimal issue and if necessary working capital could scale to 50 over time as results warrant