The lending climate is certainly weaker now than it was.. duh..
The topic was MMRF, not my opinions on PIPE lending.. and I still think MMRF is just another OTC struggling to survive off of bolstered up PR's and toxic PIPE financing.
If you want to get right down to it, I don't even think it meets the most minimum requirement for this board. It is an American Company.. conducting a JV with a Asian company.. not the other way around.
If they are trying to capitalize on the China micro madness so be it.. but they can't even gain any traction in the domestic market, they are loosing money and now expanding into China..
Give me a break...
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