the harsh truth of the matter is that the financin
Post# of 2199
(Total Views: 242)
Posted On: 04/26/2017 8:19:48 AM
Re: Goodspeed65 #1689
the harsh truth of the matter is that the financing which she had hoped to recieve didn't materialize. In her naivity she probably thought there were other avenues and she just took the toxic lending route without knowing the reprocautions. To redeem herself, bought back the shares to restore the SS. yes she is transparent. But in her naivity lied perhaps unintentionally and in order to expand was forced to take on additional loans. I have found out however that she is in fact quite wealthy. This doesn't change things for the company. I believe her thinking is that btt the notes come due she will have acquired enough capital and growth to pay back the loans before conversion.
Convertible loans AREN'T always bad but the lenders in this case are. I think she has 90days from the date of the contract to pay them back. Afterward she would need to renegotiate the conditions. 90 days should be the next Q. will the company be able to generate 360+k to pay them off?
something to consider.
Convertible loans AREN'T always bad but the lenders in this case are. I think she has 90days from the date of the contract to pay them back. Afterward she would need to renegotiate the conditions. 90 days should be the next Q. will the company be able to generate 360+k to pay them off?
something to consider.
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