You have highlighted a key point that many of those voting no just do not seem to grasp. It seems Glasier has taken collateral of the blr Colorado deposits and ablation machine. If a no vote happens and the $450k is not repaid on time, Glasier ends up with all the blr assets and we will be left with the blr listed shell, in my opinion from reading all the published documents.There would be nothing for the banks to lend against in a CR because there will be no assets other than the coal property in Alaska, and a building on Wyoming that blr most likely in my opinion can not make the monthly bond repayment. The fact that blr needed a loan of $450k says everything to those that are able to read between the lines.
In the meanwhile, I and the rest of the blr forum eagerly await for the operational and strategic plan from blr in a NO vote from BUC and Tydec.
Cait
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
