Post by
Teflon2Hype on Aug 02, 2016 10:32am
Debt consolidation @ 13%
I was half expecting an equity raise as a condition of the refinancing (lower D/E) but it appears they settled for a higher interest rate with a new creditor.
Wii comment on the conditions attached to the loan at a later time.
VP- Finding a new creditor at a higher rate instead of renegotiation with the old creditor(s) with an equity raise provision has moved you a big step closer to that Cyber Timmy's you have always been dreaming about..., but I will still exercise my right to the remaining time.