Post by
dsark on Jul 09, 2010 10:38am
This is big news, where is everyone?
Did everyone sell out at 1.10 or what? lol. The money for the closing costs... THE FINAL STEP. That's what this whole takedown was about... getting those 2.5M shares for as cheap as possible IMO.
Don't sell now boys... you held this for way too long to chuck it out the window just as its about to get interesting.
Comment by
notforprofit on Jul 12, 2010 8:41am
I would think that the final step would be getting the 208 million dollar loan unless I have missed something. It appears that they have a year to get that done before the 2 million dollar loan + 10% interest + 463,471 shares is due next June. What a sweet deal that is ... works out to about a 35% return if I did the math right!