Eye, here's my take on the news and perhaps why the stock didn't move more (but believe me, this is great news and a nice start to the overall biz plan!!).
- It's about time! Was really supposed to happen fall 07 / spring 08.
- Investors already anticipated that CPRK was in LT financing negotications and it would happen
- Commitment only; news will be better when they actually finalize and fund
- Funding still approx 4 months away
- Working on bridge loan for current operations - KEY
- Lender not a household name (ok w me)
- Investors don't understand what a rev bond is / how it works (from what I understand, its about as good as CPRK could have hoped for...low interest rate, longer amortization period, and NO dilution)
Anyway, good start and things are moving in the right direction. BTW, everyone / everything at CPRK is upbeat....
jtf