Hey Dano, Thanks for the info on the lines of cre
Post# of 17862
Posted On: 02/07/2014 1:40:25 PM
Hey Dano,
Thanks for the info on the lines of credit and other details. Did not read that agreement closely yet.
I came to $500k number as far as what I think has been spent at Bayona to date NOT from the "$500,000 guaranteed payment" over 18 months but from adding these numbers:
$180,000 (for 80% of BWDs shares LOI 4.2 - PAID)
$113,000 (ramp/site improvements that they agreed to pay for in LOI 4.2 - PAID)
Thanks for the info on the lines of credit and other details. Did not read that agreement closely yet.
I came to $500k number as far as what I think has been spent at Bayona to date NOT from the "$500,000 guaranteed payment" over 18 months but from adding these numbers:
$180,000 (for 80% of BWDs shares LOI 4.2 - PAID)
$113,000 (ramp/site improvements that they agreed to pay for in LOI 4.2 - PAID)
$100,000?* (for the 100% equity increase: 9%-17%, -PAID *not sure on the exact number here as I can't find the source where I saw this)
Thats about 400k there and I am sure there has easily been at-least an additional 100k spent on misc and unforeseen expenses (traveling, lodging, food, additional road improvements, equipment, repairs etc). Also I understand that the final agreement could have substantially changed these numbers either way, but these things usually get bigger rather than smaller.
Thats about 400k there and I am sure there has easily been at-least an additional 100k spent on misc and unforeseen expenses (traveling, lodging, food, additional road improvements, equipment, repairs etc). Also I understand that the final agreement could have substantially changed these numbers either way, but these things usually get bigger rather than smaller.
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