Reading though the resolutions I see the resolution for issue of options as part of mezzanine finance deal. I had to look up what that means. LOL
So I guess the bank will want their pound of flesh. Option price will be volume weighted very low price. Perhaps this is why the SP is being held down, so they can make a killing?
I wonder what the interest rate will be and how that will impact on the profitability calculations???
"mezzanine financing is usually provided to the borrower very quickly with little due diligence on the part of the lender and little or no collateral on the part of the borrower, this type of financing is aggressively priced with the lender seeking a return in the 20-30% range.
Read more: http://www.investopedia.com/terms/m/mezzaninefinancing.asp#ixzz1c2yZHgEa"
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- looks like finance is secured
Reading though the resolutions I see the resolution for issue of...
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