I guess you need to think of the other side of the loan sheet. An investment on $100 million would require supporting figures from the borrower. They have to have shown them significant deals and cash flows from future sales to get it over the line you would think.
I am holding. It has been really disappointing that they are delayed by 6 months or so in bringing products to market. SAMR delay could well be out of their control with political fallout. I will be going to the EGM and hoping to find out more about sales/cash flow to fund all this. From yesterday's announcement there should be more announcements before then hopefully regarding contracts and sales. I would definitely not sell. Wait it out.
Ann: WHA Signs New Debt Term Sheet for the Acquisition of B&P, page-8
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