Hi Mysterium, I asked IR in an email last night ab
Post# of 22940
Posted On: 05/02/2016 1:14:36 PM
Hi Mysterium, I asked IR in an email last night about the $50M down to $35M and got the following response early this morning... I'm posting what I asked and the answers (especially for Jeff):
Would you further elaborate on the following comment you made in terms of acquisitions?
TPAC needs to raise $50Million USD now down to $35Million USD for acquisitions.
It sounds like $15M has been raised already... is this correct? And if so, how were these funds ($15M) attained or raised?
Also, is the proposed EX-IM Bank loan partially FOR this $50M fundraising?
From IR:
#1 Question: Due to reconstruction, values have been renegotiated.
#2 Question: The USA FR is still moving forward on the $50M loan for acquisitions and cash flow reserves. Per the PR, 20 percent was to be set aside, however now due to new negotiations more than 20 percent can be set aside though still waiting decision from the senate to approve nominees.
Would you further elaborate on the following comment you made in terms of acquisitions?
TPAC needs to raise $50Million USD now down to $35Million USD for acquisitions.
It sounds like $15M has been raised already... is this correct? And if so, how were these funds ($15M) attained or raised?
Also, is the proposed EX-IM Bank loan partially FOR this $50M fundraising?
From IR:
#1 Question: Due to reconstruction, values have been renegotiated.
#2 Question: The USA FR is still moving forward on the $50M loan for acquisitions and cash flow reserves. Per the PR, 20 percent was to be set aside, however now due to new negotiations more than 20 percent can be set aside though still waiting decision from the senate to approve nominees.
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