Looks liks YA dumped some stock. Thats my guess anyway.
ISF better tick off that milestone and get paid so they dont have to revert to this type of funding.
Even though the banks gave them a lifeline and additional credit facility, the interest cost involved make it more appealing to use YA. Like buying your house with a credit card!
I prefer that YA credit facility is utilised. Long term it is probably better for the company to utilise this facility than pay the rates fo interest the bank wants. Sure it dilutes the current holders, but I am sure a massive capital rasing at 10 cents would do the same, if not worse.
The company are more focused (hopefully) on reducing costs, inlduing financing costs. Unfortunately it is the short term holders that will suffer as YA will keep dumping the stock once ISF utilise the draw down facility.
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