RE:RE:RE:RE:Major new acquisition!stockrook, I'm not an expert, but as of March 31, I believe they had about $4million on their senior secured credit facility and $10million on the accordian part (subject to the bank's approval since the acquisition is greater than $8million). So about $14million in known credit facilities.
It is not unreasonable to assume that they could collect $7million on their $22.8million in receivables to complete the cash needed, although certainly that would be quick relative to their previous pace of collecting.
Could they have made an agreement to expand their credit facility? I would be surprised to see an equity raise at anywhere near this level.