the truth is not scaremongering. however if you are scared of the truth, then quite possibly you should be scared.
The truth is:
1. BLR is out of money, hence the reason for the loan from WU.
2. it appears that WU is taking the ablation machine AND the HT deposits are security in case shareholders vote against the deal and the loan is not repaid in a timely fashion.
Therefore BLR shareholders could end up with a shell if they vote against the deal AND the loan is not repaid quickly. Since BLR has no way of generating income, BLR has no way to repay the loan if shareholders are short sighted enough to vote against the merger.
Scaremongering BUC? Just the truth. Spin it as you may, these are the facts.
Cait
BLR Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
