They get loans when projects are in place. they b
Post# of 1352
Posted On: 04/22/2014 10:58:00 AM
They get loans when projects are in place. they burn through roughly $50k per month in basic expenses. No one lent Cirque II money before Dow agreed to do that 38mw plant. After an agreement was in place BNP Paribas offered to service the debt. Cirque was private..so the equity side came from VC Energy LLc. Refer here:
http://www.ourmidland.com/news/article_1ff2df...8c192.html
That is where Hannon Armstrong comes in at if not other. Better financing will come for day to day operations down the road.
The reason it is good news is within your statement:
We now have an ask @ .0129.............why?....because individuals get upset at things that are very minor when considering the whole. 'Im not pulling even the slightest trigger on this til late summer......so, given any attitude that is unfavorable against certain new issues that arise...............only adds more bread in my pocket....and an advantage of some good purchasing prices.
It also answered my previous question if they went lean(was wanting to see that or other in 10-k). They apparently needed that money.......and a given that there is only one note with them. Given this latest "child pounding fist on table" event.....I highly doubt they will use them ever again. It also takes away some negative comments that would have come out of reviewing the 10-k with the reveal of that note. The reality is that it is a note that is being demanded roughly 3 months before being allowed to convert. The extra shares amount to a number between 3-5 million currently.
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Quote:
If the permit is granted, Cirque Energy's financial deal could quickly close with VC Energy LLC providing equity and BNP Paribas servicing debt for the project, Silverthorn has said.
http://www.ourmidland.com/news/article_1ff2df...8c192.html
That is where Hannon Armstrong comes in at if not other. Better financing will come for day to day operations down the road.
The reason it is good news is within your statement:
Quote:
I don't understand how this is great news. These guys are suppose to be able to get conventional loans because of their connections and partnerships, and they have to go back to the shylocks at Asher? Please enlighten me.
We now have an ask @ .0129.............why?....because individuals get upset at things that are very minor when considering the whole. 'Im not pulling even the slightest trigger on this til late summer......so, given any attitude that is unfavorable against certain new issues that arise...............only adds more bread in my pocket....and an advantage of some good purchasing prices.
It also answered my previous question if they went lean(was wanting to see that or other in 10-k). They apparently needed that money.......and a given that there is only one note with them. Given this latest "child pounding fist on table" event.....I highly doubt they will use them ever again. It also takes away some negative comments that would have come out of reviewing the 10-k with the reveal of that note. The reality is that it is a note that is being demanded roughly 3 months before being allowed to convert. The extra shares amount to a number between 3-5 million currently.
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