RE:So let me get this straightfiloux004 wrote: So let me get this straight...for a minuscule loan of 1.2M fr Mellon Trust Pyr pledge all its movable assets?? Which is basically everything except buildings which I believe are owned by PPP. Is this correct? Thanks for the input and glta
It's basically, a no risk or almost no risk loan.
If the share price stays where it is, it's an opportunity to take money out of the company, or sell to retail investors, and add a premium, as well as the warrants, which are free.
If things continue to go, south, you have the assets, in case things were liquidated, and you are guaranteed to get your money back.
Its not hard to understand, why this wasn't offered to retail investors, accredited, investors, or even institutions. it's a demand loan, you can take it whenever you want. It's easy money, and you could strip out excess value. Not that that will happen. I am sure, that whoever owns this, I will patiently accept the 3% premium
That loud flushing sound, is the continue dilution, of existing shareholders, which is already five times in the last five years, and continues now unabated.
Big yikers
looks like the longs here are going to have to do some more work here, supporting the company, keep buying guys
All in my opinion, not for investment advice, for entertainment only.