Vanadium One Iron Corp. VDMRF

Darkgreen

[shawshank2]

What are your thoughts on this secured debt??

[DarkGreen]

I love it ,no dilution and obviously institutions are willing to risk money now on this project .

[shawshank2]

You seem to be a veteran in this space. My concern is that the debt is secured and repayable fairly soon any chance that retail shareholders could get wiped out??

[shawshank2]

They have still diluted 10 mil shares ....plus debt interest and basically put up the asset as collateral?

[DarkGreen]

if management didn't own a pile of shares I would be worried . Cliff is no dummy and he has always said he will make his foortune selling his shares just like we shareholders .

[shawshank2]

Thanks I hope you are right. I find it odd they had to add almost 10 mil warrants plus debentures so we had to pay in shares and debt. I hope they aren't setting up for something greasy. Maybe they figured they will be bought out by then? I just don't understand how they plan to pay it back otherwise

[EricQC]

It is very common for warrants to be issued as a junior miner raises capital through debt financing.