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Mustang66

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Mustang66

Re: Don post# 16032

Tuesday, 06/28/2011 2:48:31 PM

Tuesday, June 28, 2011 2:48:31 PM

Post# of 60152
"The terms of the LOI include: a principle amount of $15 million; a two (2) year loan term with interest and origination fees prepaid at closing for the two (2) years; and an optional one (1) year renewal.

I read it as them needing some cash upfront. Thus why I suspect the company could be acquiring it now if they are selling shares. And again, I am ok with that if they are. Sure seems and feels like it though.

I am just speculating.

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