Hey mate, perhaps I was exaggerating a little bit. I'm no accountant but I imagine the gas reserves are an asset. I also imagine that your farm management company has income and holds less risk to the bank. I'm also not a bank so these aren't really educated comments.
Really, my point was that I'd rather VEN pay a few million in interest over a few years than take a 15% dilution any day of the week. In fact, if you look at the difference between the interest rates (your 6.5% and our 8.5% to 11%) the difference is around $400k a year or less. Absolute no-brainer to take this loan.
VEN Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
