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TedJ

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TedJ

Re: BigE1960 post# 101821

Saturday, 09/11/2021 9:30:57 AM

Saturday, September 11, 2021 9:30:57 AM

Post# of 104572
The computation based on the Jan 2021 & 10-K numbers was just over 2 billion so I expected they would bump it up to 2.5 to give them at least a 20% margin for future use after Pasaca completed their buy-in.

Now it looks to me like they are not expecting Pasaca to complete the buy-in but they are asking for an extra 50% margin for future private placements with Pasaca or others to support continued operations.

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