Post by
Leafs4Life on Feb 01, 2016 4:24pm
Down to Crunch Time
The bridge loan note declared that the money would be available in on or before February 5th, which is this Friday. It goes on to say that they expect the financing to close on the week of February 15th (two weeks from today).
I think execution of the load is contingent on Slyce's ability to close the financing. If it doesn't look like the financing will close, there would be little reason to extend the loan.
Some people on this board have had access to people inside the company. If we haven't heard anything by Friday, could someone shoot an email asking if the loan has been exercised? If the answer is yes, I will be more confident that the financing will close.
Thanks
Leafs4Life
Comment by
Saintvitus on Feb 02, 2016 12:54pm
I would think the bridge loan is there in case the financing has to be extended again. The board change annoucement doesn't give you confidence?
Comment by
Leafs4Life on Feb 02, 2016 1:51pm
The board change is 100% a good thing. But the ball isn't across the line yet. Need to close the deal.
Comment by
Saintvitus on Feb 02, 2016 3:13pm
Would the board appoint a new institutional investor if the deal wasn't going to close?
Comment by
Saintvitus on Feb 02, 2016 3:22pm
You're right though, it isn't a done deal.