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Re: BooDog post# 22366

Tuesday, 01/26/2016 11:08:27 PM

Tuesday, January 26, 2016 11:08:27 PM

Post# of 113656
I'm sure this was previously posted and I just missed it, but can anyone with some experience in this area please speculate as to what sort of financing a company can expect to get in these circumstances? Is major dilution our only hope?

They have a lot of debt (relative to their size) and little cash, and need a lot more cash to get to Phase I. Where does that leave us? I was hoping a rise in the market value of the company would provide them with better access to financing, but now we're back at a penny.
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