Monday, October 22, 2018 4:29:51 PM
Yes, my direction is more on the 2 points in your post.
I believe the company got IB backing. Also on the thinking with XZX post on the sticky.
Your quote:
"If in fact we have secured non toxic financing would it not make sense to pay off the remaining 257K in notes, then release a 8K stated the fact".
The company's direction is to present a Clean Shell. Means no Hangovers.
Your quote:
" or the terms state it can’t be used to pay off existing toxic debt."
I agree with that and sure the IB is not talking consideration of a past note and probably feels let it drain through.
Makes me think that the PR from Oct 15th was meant to bump up the volume, although not meeting the % of volume to drain out.
Probably not a good idea releasing an 8-k with a note hangover, that is already in the drain, just needs to swallow the whole bunch, and takes volume.
So we all wait, but as many know, this issue is getting primed.
Good points though.
Have a good day
varok
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