Post by
BrokeStocker on Oct 30, 2023 11:08am
New financing announced!
Things are finally moving! Hopefully we'll hear that the acquisition has closed by the end of the week. I'm really surprised they didn't halt the stock for the news, seems like it should have being announced in the middle of trading.
Comment by
colourama on Oct 30, 2023 12:13pm
This is good news! The interest rate on the 3 loans totalling $15 million is high at 14%, but I assume that they ran the numbers and are confident on the return of the acquisition. With SSI soon to be closing, the stock price is at attractive multiples at the current level.
Comment by
BrokeStocker on Nov 07, 2023 2:38pm
Hoping it's after market. I thought the dominos would fall quickly after the financing was announced, but again I feel like we're starting to drag and enthusiasm is sinking.
Comment by
stockrook86 on Nov 07, 2023 8:45pm
Was hoping for something also, but they wouldn't have gone to hassle and expense to get financing unless the deal was still a go with SSI. I'm confident now, it's just likely held up by tax approval or other regulatory reasons. I hope when they do announce it they give the market a little tease, maybe preliminary 2023 EBITDA, all we have heard so far is 2022