Post by
Riverfolk on Dec 28, 2017 5:51pm
41milUS debt ref = 8 mil Can market cap
A financial institution went through the books, refinanced all of Poydras(Integrity) debt and increased it by 14 million (US) at a rate 4% lower and our market cap is sitting at 8 mill Canadian.
new name on Jan 1st, strong growth in the pipeline and selling bingo assets. With the now 14 million US in black powder, something big is coming and 2018 will be a year to remember for this play!
Comment by
Riverfolk on Dec 28, 2017 7:03pm
What is also very beneficial is no principal repayments required on the 5 yr. debt. The old debt required $3mil per year in repayments + 50% of free cash flow. These huge repayments were retarding growth by acquisition.