tamaracktop wrote: odzie1 wrote: "You're kidding right. There isn't a company I know of that has not taken hope to the bank. That is what they all do. Take there hopes and dreams to turn them into reality to the bank.."
Sorry, but you started it.
Cielo doesn't have much to take to the bank.
What could they put up as collateral for a loan?
And what history of profitability or even revenues for that matter, could Cielo
provide any bank to povide proof of its ability to service any new debt?
Realistically, I doubt very much that Cielo has any recourse to debt financing, other than maybe maybe a convertible debenture offering, but that would be extremely dilutive.
I suppose when you already have 660 million shares outstanding, a couple hundred
million more wouldn't make much of a difference?
They should have done one when the stock was well over a buck.