chev, you are just as smart as I am, if not more, when it comes to financings! I suck at math and need a calculator to do simple math... Ugh. But I just stare at them until something makes sense (or else walk away saying 'this is too complicated'). You just need to stare at them longer LOL (if you have the patience, sometimes I don't).
But as far as financing, I would honestly be relieved as a shareholder with similar conditions (if looking at it thru historical perspective) of the Mako deal. It would be nice to see an elimination of bonus shares, but considering what the company settled for in the Mako deal I would expect to see something similar including shares and interest rate. But who knows. If the deal is similar to Mako I still would honestly not consider this an investment at almost any price. I'm a tightazz when it comes to financial dealings a company does nowadays after getting burned several times before on companies with similar interest rates as this one (double digit interest). I want decent terms or else I stay away so that is just my personal risk profile.
Good luck though and I'm sure during hurricane season there will be some good discussion of this one on the hurricane board;).
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
AI
