ReWalk Robotics Ltd (RWLK)

[abira]

Kreos was owed $3.6 million, they bought enough shares and warrants to cover what they were owed, RWLK turns around and repays the $3.6 million they owed Kreos. Now Kreos can turn around and dump those new shares and warrants at whatever they can get, it may be at a loss but it is much more than the pennies on the dollar they would have gotten back on the original debt at bankruptcy.

I hear you but Kreos had the upper hand. If they are worried about bankruptcy, wouldn't it be just better to force the company to sell the shares to some other sucker and just collect the money? Rewalk found people to sell the other shares in this financing, my guess is they would be able to sell the shares that Kreos purchased if Kreos wasn't interested in owning Rewalk shares. This doesn't change the fact that I am still pretty pissed at Jasinski and his contrived and misleading (i probably should say lying) management.