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Re: mr-truthbetold post# 43705

Monday, 11/14/2016 7:26:17 PM

Monday, November 14, 2016 7:26:17 PM

Post# of 47873
Part of the Zapata deal was that Platinum Partners would be a major shareholder. Unless the deal changes, that is a major concern I think to most people. Although Platinum's situation has changed since the Zapata deal was announced so who knows how they will factor in if the deal goes forward. Also with the Chapter 11 proceedings and if the sale price is $117.5M it seems like there would not be $35M in cash left over after paying off the debt. It would seem the terms of the deal would need to change if the sale price ends up at $117.5M.

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