Post by
tamaracktop on Nov 21, 2023 12:25pm
This is certainly testing shareholders mettle
I'd say the next financing is sure to be a convertible deb when it comes.
Comment by
Pandora on Nov 21, 2023 12:49pm
Anyone check out Traynor Ridge or Traynor Ridge Capital?
Comment by
Pandora on Nov 21, 2023 1:08pm
Hmmm! No comments? Traynor Ridge is mentioned in this mornings Company Newsletter as having some possible connection to the recent share price action and no one shows an interest? Oh well. If you do see 'Deep Dive' and 'Fin Telegram' amongst others.
Comment by
uggg on Nov 21, 2023 1:01pm
And then do a financing down the road to pay the interest? They are better off with straight equity. Remember their last convertible debenture when rates were cheaper was done at 12% interest & secured by everything the company owns or will own. If they did one now it would have to be unsecured in a much higher interest rate environment. I would suspect around 18%.