I am very pleased with the financing they have arranged. Obviously there are a lot of posters here tonight that don't have a clue how much better this is now than before. Management has went and aligned everyone's interest (from the shareholder to management to even the note holders) to stock price appreciation! Yes, these notes are convertible, but their biggest incentive is the warrants. The higher the share price goes up, the more the warrants are worth. Why would they recklessly convert their notes if it is going to hurt the share price, which will hurt the price of their warrants. I am not saying that there isn't going to be some dilution, but it will be managed and done with concern of the stock price. These are note holders with whom management is very comfortable with and this is setting the foundation for long term, stable growth. The people that were expecting a traditional 6% loan with no strings attached are clueless. If you do not see the positives of this financing you should probably sell tomorrow or better yet, short the stock and see how that works out for you.
