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madkapperaz

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madkapperaz

Re: bgpipper post# 189

Saturday, 11/10/2018 8:39:15 AM

Saturday, November 10, 2018 8:39:15 AM

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Expensive? Yes. Bad? I don’t think so. The rates they paid are typical for these types of deals.

I’m pleased it’s not toxic, there is a share lockup, and the conversion rate is at $1.50.

Here’s an example of bad/toxic financing: Line of credit backed by equity which leads to death spiral.

https://www.placementtracker.com/News/PR%2010.11.01%20-%20Cash%20Strapped%20Companies%20Turning%20More%20to%20Toxic%20Loans.htm
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