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exwannabe

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exwannabe

Re: mcbio post# 78241

Wednesday, 05/20/2009 9:14:50 PM

Wednesday, May 20, 2009 9:14:50 PM

Post# of 252581
Re: ARRY's financing deal

Don't need Thomas on this one, it's kind of simple.

ARRY issued about $3M (see note) worth of equity to have the option of borrowing the $40M if need be.

Given how bad it is if companies wait too long and need to refi on bad terms, I have no problem with this $3M spend.

Note: The repriced warrants are probably worth about $1, while the the $7s were around .50, JMHO.
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