Quipt Home Medical Corp T.QIPT

Credit facility terms announcement? 30 days NR?

[besttobe]

Crawdord said during the last CC that it would take 30 days to close the credit facilities. Good news comes on Mondays, bad news after hours on Friday. Have to wonder why we haven't heard anything? We shall see.....

Paul Stewardson

Calling in for Chelsea. Congratulations on the quarter. Can you touch on the interest rate for the new credit facilities? I know you mentioned there was a low cost of capital, but is it similar to the old credit facility, is that kind of a reasonable way or is a bit of margin given the increased times?

Hardik Mehta

Yes, sure. We would certainly encourage people to kind of wait. We would definitely be taking a formal announcement once we close on the credit facility, but it would be safe to say that the margin would be similar to what we had in the past except for, as you all probably know the market moving towards so far versus prime rate or stuff like that. So there will be some changes related to that. But as far as margin goes, it should be within a similar pattern to what the previous line was

[Carlito3311]

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[Carlito3211]

LOL. Thats what you've been saying since this was .30 cents you jackass.

[Carlito3311]

This post has been removed in accordance with Community Policy

[Carlito3211]

This may go to 7.43 by October.

[besttobe]

The company is now worth less than 30 cents a share given the reverse splits. Westccoastlogger now pretending to be someone else, bought old PHM @ $2.00  and sold VMD early after the split. He is dumb as a post and up to his eyeballs in losses and too stupid to fiqure it out. Gibbon's and Tropic did the same. Now they are stuck hoping for a hail mary. 

[besttobe]

Hmmmm.....Still no announcement re credit terms. I wonder why? We shall see.....

[besttobe]

Zero mention of credit terms, security pledged and the interest rate to be charged? Why? Paul Stewardson Calling in for Chelsea. Congratulations on the quarter. Can you touch on the interest rate for the new credit facilities? I know you mentioned there was a low cost of capital, but is it similar to the old credit facility, is that kind of a reasonable way or is a bit of margin given the

[Carlito3311]

This post has been removed in accordance with Community Policy

[besttobe]

Very true and it was a given they would close the bank financing. BUT, they should have disclosed the final terms as they said they would do during the CC. IE Rates and securtity and amortization terms of term debt.  If the terms were favorable then why not announce the and end all doubt?  Now you have to question what the terms are and whether they were favorable or not.  I guess