In a nut shell, BONU, including all micro caps, are going to have to do business the old fashioned way, SALES. HYG financing is going to collapse. NJ tax credit is the only way BONU will have enough funds to succeed, and they will.
If you are not familiar with junk bonds, the concept is actually very simple. Corporations that do not have high credit ratings typically have to pay higher interest rates to borrow money. The following is how USA Today describes these bonds…
High-yield bonds are long-term IOUs issued by companies with shaky credit ratings. Just like credit card users, companies with poor credit must pay higher interest rates on loans than those with gold-plated credit histories.
