Sal, in my experience this deal will involve numerous caveats or conveanants in contract. An example of such would be similar to the agreement EN1 has in place with their factoring facility...ie: can draw down off loan via invoices. It will certainly not be a carte blanche to go out a spend $15m. Essentially, in my experience, the deal will faciltate cash flow only with caveats. Potentially holding the invoice as security. Booked Rev = draw down. I had a ftse coy in the 90's with simialar cash flow issues.
EN1 Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
