Post by
Goldy63 on Apr 01, 2022 12:59pm
Humm. Lots Of Time To Turn This Around ?
As per the terms of the Undertaking, the Lenders have agreed not to accelerate or enforce their rights or remedies under the Facility Agreement should MTV fail to (i) make scheduled loan repayments on March 31, 2022, June 30, 2022 and September 30, 2022 and/or (ii) replenish the operating reserve account to reestablish the Minimum Reserve as required under the Facility Agreement (each, a Specified Event of Default). As per the terms of the Undertaking, the forbearance period is from November 22, 2021, to October 1, 2022 (the Forbearance Period).
Comment by
Iamjaygee on Apr 01, 2022 1:48pm
Where's the rest of it? I'd like to see what the penalty fees are.
Comment by
greendayyyy on Apr 01, 2022 3:57pm
Buy a small position of 50,000 shares today. I have a good portfolio in Gold, Silver and some Copper stocks. I'm taking a position here and if this falls it won't be a big loss but if the move turns positive then I'll increase my position here. Who knows.