Post by
JoeStockIQ on Jan 28, 2021 3:01pm
New Question About Previous Private Placement Deal
Now that we know management was able to secure $400M US by way of 7% bonds, one has to wonder why they took such a beating on their now infamous private placement package, no? They took in such a paltry amount of cash comparatively that it makes less sense now. Anyone else consider this?
Comment by
JCSunsfan on Jan 28, 2021 3:25pm
Been saying all along. Family and friends. Maybe the people who are buying the notes as a condition of the finance package.
Comment by
nofluff on Jan 28, 2021 4:41pm
I think u hit it on note takers. They run funds. So they say, we want in at bottom and we got 400 million of fund cash. We r talking 40 million on equity and 400 million notes. So things work out. I am just guessing. nf
Comment by
JCSunsfan on Jan 28, 2021 5:16pm
It's a reasonable answer but speculation still.