Think about this, if this company was close to BK, then the bank would never make a large loan on their company owned real estate. Now you can see why banks will require personal guarantees to have additional security. But when the borrower's income is derived from their business or at least one of their businesses and that business is supposedly facing BK I would think the bank is going to make it difficult for them. But we know the borrowers also own Cognate and Toucan and generate income form those entities. So the lending process gets very muddled but still if BK was imminent the loan would be quite difficult, the borrower couldn't hide it all, and it could appear like a house of cards. But we know the borrowers are strong and we know they have money and at least two other businesses and therefore the need to sign personally. So let me ask you the big question, if you were mgmt and believed BK was near would you personally borrow millions to remain open for a short period of time if you didn't BELIEVE?
Come on ! Wake up! The positive writing is on the wall. Mgmt believes good news is at hand, and now they can even wait a couple of more moths more if need be in order to make certain the news is even stronger. The weakness in the company has evaporated at this point in time, the revolver's chambers are now empty and russian roulette is off the table.
If you go by the conservative figurings of the learned members here of the trials numbers, if you look at that their the financials have just been reversed debt/payments wise what you have is a clear landing strip for potential success. Whether that translates immediately into higher pps is a guess one has to believe the reason 5M shares traded today and a .03 rise in ops albeit small occurred because of this very realization. And once all this becomes mainstream the ups could begin to ramp up especially as we get closer and closer to news day whenever that may be and that is the next big question.
But today is significant milestone, mgmt has put their skin in the game again. Add in the two employee benefit incentive packages and our getting closer to data lock and unblinding and you have yourself a special mixture brewing i.e. a special sauce cooking.
And yes, I doubled down as MAV rightly figured, I was at 100K stars and now I am at 200K shares and with good reason. BTW I had to change my screen name because my pc crashed and with everything lost including my memory I had to start over with a new screen name and new email address, nothing nefarious just everything getting older LOL. I thought everyone knew, never tried to hide anything in my ramblings.
Long and hard!
