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Posted On: 02/07/2018 11:25:27 AM
Post# of 4466
No problem. Btw, you can look at it that way, or you could look at it from the perspective of removing a contingent liability. Imo lenders typically want to be the “no recourse” or “ limited recourse” lender. By having a contingent liability with a previous lender, then they get skiddish. This way, crownbridge is only helping with the equity portion. The potential lender doesn’t give a “rats ass” about that, because if the project goes south for any reason, mmex has either no recourse or limited recourse in giving up control of the project.
Imo, that S-1 mod was a good thing.
Imo, that S-1 mod was a good thing.
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