Post by
Kherson on Sep 08, 2016 7:51am
$75 million non-revolving credit facility...
Matt, just how is Canexus going to be able to repay this facility by May? Kherson
Comment by
mo1975 on Sep 08, 2016 8:56am
Kherson, I think Matt thinks that they will be able to apply the 25 million from spb to that 75 million but I cannot be sure if Matt knows how the lawsuit are normally settled....takes time and by the time you pay your legal fees there is normally not much left..... and then if they lose the lawsuit they have to add to the 75 which would make it 100 quite a nice round number...
Comment by
Kherson on Sep 08, 2016 10:15am
Canexus won't get 25 cents from SPB, let alone $25 million. Canexus will have to dilute the present shareholders by issuing another 70 million shares!