I spoke to Chris and he is working on funding. Wha
Post# of 39368
Posted On: 11/21/2014 6:49:13 PM
I spoke to Chris and he is working on funding. What he has said is it's funding to cover all the liabilities and give us a fresh start.
This is a tall order but is seems the only plausible solution given the current circumstances. There is no guarantee and I'm sure we all wish him the best.
How he intends to do all of this is beyond my expertise on financing a public company. He mentioned putting up additional assets to secure such funding along with his partners.
It's very hard to say exactly how much money will be needed as you could conceivably negotiate liabilities down to a much lower number. Realize this is addition to the Colorado deal but it seems both will be lumped together.
Without current filings there is no way to get an accurate number.
Lets hope he gets it done...
Truly, this would be the Holy Grail of financing and it would come with some sticker shock upon completion. Hefty interest, and so forth.
BULL
This is a tall order but is seems the only plausible solution given the current circumstances. There is no guarantee and I'm sure we all wish him the best.
How he intends to do all of this is beyond my expertise on financing a public company. He mentioned putting up additional assets to secure such funding along with his partners.
It's very hard to say exactly how much money will be needed as you could conceivably negotiate liabilities down to a much lower number. Realize this is addition to the Colorado deal but it seems both will be lumped together.
Without current filings there is no way to get an accurate number.
Lets hope he gets it done...
Truly, this would be the Holy Grail of financing and it would come with some sticker shock upon completion. Hefty interest, and so forth.
BULL
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