VXL valence industries limited
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Term sheet

  1. m0ngy
    10,075 Posts.
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    24/01/15
    19:29
    Post #: 14636555
    I'm not sure why the company bothers to mention that it has received a number of term sheets.
    Term sheets are not binding offers of finance, they just set out terms of finance. One of those terms deals with how the company is going to pay the money back under a number of contingencies. If the investor discovers something that he does not like, then the investor will step away from the transaction.
    It would be difficult for the company to get finance without sales agreements, probably impossible.
    VXL Price at posting: 43.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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