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BillJay

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BillJay

Re: beenhadbefore post# 21605

Wednesday, 12/19/2018 3:04:25 PM

Wednesday, December 19, 2018 3:04:25 PM

Post# of 31087
Pretty much the same as a bank revolver that has ties to receivables, inventory and commercial real estate. Basically, a bank has ties to all the assets of the company per a senior secured credit agreement. The convertible note was a great deal for TMPS, but Johan has to protect his investment, just like a bank would. You're over thinking it. Johan could have pulled the ripcord long ago, and hasn't.
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