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Re: sandpiper3 post# 28068

Wednesday, 05/11/2011 9:42:27 AM

Wednesday, May 11, 2011 9:42:27 AM

Post# of 101798
I think this was to address short term cash flow needs to they could really get the operation up and running with the anticipation that they'll be able to generate enough cash in a fairly short time frame to pay off the debt, which would be a good sign to the market as well. I noticed that the debt window for repayment is 90-180 days so they obviously have high hopes for some quick cash generation from the dredges and maybe to help buy some more dredges quicker based on excitement over what they've seen so far.
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