GREY:ALEAF - Post by User
Comment by
Toweringmarson Dec 30, 2021 1:45pm
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Post# 34271480
RE:RE:RE:RE:Napkin Math
RE:RE:RE:RE:Napkin MathNice try
KeyserShoze wrote: What is fake about it?
They got $12 million and not the $7 million yet. The release states "up to" $7 million expected January 2022. The headline says $19 million but then breaks it down to $12 million loan and "up to $7 million" receivables financing. They do it this way because they think there is still more dumb money out there that invest on headlines alone. Notice how the $7 million is in January so you wont see the details of that financing until q1? Smart eh? Its in the link below. You are the real fake news supporter Souringmars legend. Tell everyone what the financial and restrictive covenants are exactly?
It consists of a revolving receivables facility of up to $7 million and a term loan of $12 million The revolving receivables facility is expected to be drawn in January 2022 and further thereafter as receivables grow with the Company’s revenue. The Credit Facility is secured primarily by way of first lien mortgages on the Company’s Paris, Ontario and Grimsby, Ontario production facilities, and includes customary financial and restrictive covenants. https://seekingalpha.com/pr/18613885-aleafia-health-announces-closing-of-new-19-million-credit-facility-and-extension-of-existing Toweringmars wrote: Bah, thats some fake news.
Good work protractor.