Post by
stockeditor on Nov 03, 2014 10:23am
PETRO ONE ANNOUNCES FINANCING BACKED BY $650,000 PLEDGE
My read is that they have the $0.650MM on hand already.
Comment by
stockeditor on Nov 03, 2014 10:49am
A pledge of $650,000 means that the amount is guaranteed/collateralized in cash, as if the money is ours right now. I do believe that this is again a very serious commitment by the K-Group.