Given the valuation put on the enterprise by the independent expert, Hartree are not only charging circa 15% interest, they are getting a once off fee of circa $30M to lend us $30M at 15% (via the 200,000,000 plus free warrants). Then as the short term loans have to be renegotiated they get to charge even more!
Then we are assured Hartree will be constrained by their commitment to 'act in good faith'. I for one do not believe it for a minute. There is no guarantee. I will judge people and companies by their actions, not just their words. Hartree have shown their colours.
In short Matie001, your logic has a very small amount of merit if you believe Hartree would make a good partner for retail shareholders. It has no merit at all if, like me, you dont trust Hartree in the least. Judge them by their greed. My logic says there is some chance for us to see a return if we vote NO, no chance of a return if we give the company away to Hartree.
MYL Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
