RE:It'll be fun to watch autofocus111, you are soohhhh full of shyte!
autofocus111 wrote: When the IMB debt comes due in a couple more years. I give XLY very low odds they'll be able to raise new debt to pay IMB off. Without another white knight to come to the rescue guess what happens...
Your crystal ball is all fogged UP.
You were spewing the same line of BS gloom and doom last year before IMB extended the term of the debentures and made changes to to methods for covering interest.
That reads as a vote of confidence in my book. Just like the banks being willing to make adjustments for AUXLY's 100% take over of Sunens.
IMB stands to benefit from the current SP with regard to covering interest. I would expect they'll take advantage.
IMB isn't about to screw up a good thing. They know how to play the long game and will hold on to Auxly until UK laws enable a higher level of participation on IMB's end.
Whatever the case. By the time the IMB debentures come due Auxly will be pulling Revs far in excess of the debentures. I doubt refinancing will be an issue should it be required.
I fully expect that Auxly will be able to continue growing Market Share and Revenues.
With proven products in hand I would think IMB would be more than happy to follow through and take those products to an international market as legalization takes hold around the world.
It'll be fun to watch the completions jaws drop as the IMB distribution network carries AUXLY's products to the International masses.
Hang in there mates!
cheers