$BMIX Largest Convertible Note Paid!!: http://ww
Post# of 218
http://www.einnews.com/pr_news/302496345/braz...-debt-note
This is a great start. There was a lot of disclosure in this PR too that we have not seen in others. BMIX was very transparent with shareholders as to how much variable-rate debt is remaining and some potential avenues for getting them paid. This was not a pump PR. The company could have made this all about excitement and omitted the other variable-rate debt remaining from the PR. This is very much a step in the right direction. If some of these long-term investors interested in buying the debt come through in short order and Marc's prediction of becoming profitable in early 2016 comes through, we will bounce like crazy from here, not just from the variable-rate being gone or from the new book value from sales, but also due to the fact that the future lenders holding the fixed-floor debt can't be paid until .0025 and .005, respectively. While frustrating in the short go, this could be very lucrative for bottom-buyers over the longer haul.