RE:My first and second reactionDunworkin2 wrote: First, good, Doug has increased financing flexibility to fulfill new business with Septa and NELLC.
Second, ironically, there are significantly more details...in fact over the top details in the credit facility announcement, ie. bank prime plus 0.85 percent.....etc, etc....lmao.
Give us some details on the NELLC news release re: 20,000 buses. Too funny Doug. Hope you send us a video soon on NELLC.
Wouldn't consider the terms of the credit facility to be over the top but definately agree that it does seem ironic on the surface.
Now, below the surface - it is not ironic because Doug & Co have to be careful not to mislead investors. MSA just provides that contractual framework that Gatekeeper will be NELLC's go-to for video, data, software, and related installation services.
I'd guess with 99% certainty there are no concrete #s on how much of x y or z services GSI will perform for NELLC this year/next year/etc, but even if there are, I don't think that's something many companies would throw into a MSA press release.