RE:Future EQUITY or Debt FINACING..in jeportyTheLandedEagles wrote: A equity finance...NO ONE will do....We can all agreed on that point, not at these stock prices...MAYBE...below .20 cents as he has done last year at .16 cents and later at .32 cents...A DEBIT FINANCE...a so called DEBENTURE,...like his last one of $15mm....at a 12% interest rate...WHICH""was a SECURED DEBENTURE...where CEO had pledged the SASB assets in exchange for those proceeds of funds....To those investors....it was easy to do that financing....earning a 12% guaranteed return...and HOLDING THE SASB field as security....Think of it like a bank holding a mortgage on your house....IF YOU STOP OR CANT MAKE YOUR MORTGAGE...they seize anf foreclose the property and sell whatever asset they hold to make their entire loan good...THATS THE CASE WITH THAT LAST $15mm debenture...and Im more than certain that another required financing down the road will be no doubt be a DEBENTURE again....ONLY PROBLEM is that old outstanding debenture as restrictive provisions of some kind with future financing by Trillion....Thats a big problem....Encourage all , to go back and read those terms and conditions....CEO, in my opinion has put shareholders and the company at a disadvanage for the future Capital needs, Im afraid...Im sure hes already tried for equity financing, but no takers I suspect with the current trading stock price , as for more debt financing (Debenture)...It appears there are restrictions under that previous debenture, as I read it...UNLESS, he can manage and find parties for a bigger Loan and pay off than previous debenture outstanding... CEO, does have his hands FULL..and has put this company in some predicament.....Check this for yourselves...Not bashing...just facts to review....
I don't think Art is selling his roughly 10 million shares ANY TIME soon....current value 3 million Canadian...WHY because he is going after BLACK GOLD and he will turn that 3 million dollar EGG NEST into 30 MILLION dollars Can.....that's the end game ....MEGA BUCKS...