Crednology Holding Corp (fka COHO)

[sam1933]

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APLINE’s Friday the 13th massacre, I think that will change as well. The lender eventually gets what it wants out of the deal; the issuer gets the liabilities removed from its balance sheet allowing them to go out and raise more traditional capital; the pressure on the stock is alleviated, no more lawsuits, no more angst, its really a win-win for both sides. Less booked liabilities, more capital is available improving the company’s financial outlook, and in 6 or 12 months, the former lender, and now shareholder, can convert into common with no clearing issues.

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