RE:RE:RE:RE:RE:RE:Wow.. BREAKING NEWS...!!!PUMPERS, ARE BAILING, NOW!!!...When
all else has failed..... Just.......
Make it up as you go along and hope no one notices! (knock knock knock......) TheLandedEagles wrote: Yes...thank you ...you are very correct....A equity finance...NO ONE will do....We can agreed on that point...What you are saying a DEBIT FINANCE...so called a DEBENTURE,...like his last one of $15mm....at a 12% interest rate...WHICH""was a SECURED DEBENTURE...where CEO had pledged trhe SASB assets in exchange for those proceeds....To those investors....it was easy to do that financing....earning a 12% guaranteed return...and HOLDING THE SASB field as securety....Think of it like a bank holding a mortgage on your house....IF YOU STOP OR CANT MAKE YOUR MORTGAGE...they seize the property and sell whatever they can to make their entire loan good...THATS TRHE CASE WITH THAT LAST 415mm debenture...and Im more than certain that another required financing down the road will be no doubt a DEBENTURE again....ONLY PROBLEM is that old outstanding debenture as restrictive provisions with future financing by Trillion....Thats a big problem....Encourage all and you, specifically to go back and read those terms and conditions....CEO, has put shareholders and the company at at disadvanage for the future...Capital needs, Im afraid...Im sure hes already tried for equity finance, but no takers, as for more debt financing (Debenture)...their are restrictions under that previous debenture...UNLESS, he can manage a bigger Loan and pay off than previous debenture. CEO, does have his hands FULL..