Friday, December 08, 2017 2:41:40 PM
Was it diluted, yes. Did it provide too much liquidity? Not at the moment, maybe once the preferred shares are allowed to be converted in late December. Has the credit bar been raised? Looks to be the case.
I dought anyone will be getting a notice to vote on increasing the authorized shares due to the fact that this is now controlled by the preferred share holders, unless your a major holder of the preferred shares.
I’m siding with Sly on this. Eddy is making a mountain out of a little bit of debt collateralized by product and sales purchase tax reimbursement.
It’s done all the time when it exceeds that what the management feel comfortable in dipping into.
No big deal here for me.
Rock on Sly.
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