InvestorsHub Logo
Followers 56
Posts 8730
Boards Moderated 3
Alias Born 10/12/2007

Re: SSEquus post# 42460

Thursday, 10/29/2009 10:30:28 AM

Thursday, October 29, 2009 10:30:28 AM

Post# of 375420
JMHO they have a bridge loan...BUT if they use money from the sale of stock then they don't have to pay interest on money used from said bridge loan. Much as I don't like it, I think it's a smart way to save $$$$'s. It wasn't stated what the interest rate on the loan was. Fixed? Variable? 10%??? 15%???
0% interest is always better.