Ratbox,
TPD wouldn't be raising anything, either above or below $0.20, because they would be borrowing against their share of Walyering future cashflows - NO RAISE!
Yes, getting $20mil of finance would be expensive but 100% doable!!!
Not sure how anyone amongst us can verify the knockback story that you presume to be true. I don't
As a long-term STX shareholder, I am acutely aware that STX's portfolio offers TPD holders immense upside BUT......TPD could survive on its own.....AND TPD's share of Walyering is very material to STX or they wouldn't bother with the SOA.
Just a little tired of overtly biased STX holders who view TPD as a yoke around their necks......STX is acquiring TPD, not saving them from bankruptcy!
Ann: Walyering Production Update, page-88
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