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Post# of 157299
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bankinonit

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bankinonit

Re: mide post# 135027

Monday, 02/13/2012 8:30:27 AM

Monday, February 13, 2012 8:30:27 AM

Post# of 157299
Mide - ever seen a "death spiral" financing arrangement that caps the investor at 4.99%? Seems like the boys are using some of the experience we assumed they would when coming on board.

Also, in regards to this from the S-1 - "La Jolla also has a right of first refusal on future financings of the Company on the terms identified by the Company" The key phrase here is "on the terms identified by the company". If a better financing deal came along, La Jolla could get in on it, but they would have to agree to the new terms. Again, deal making experience is showing its hand. I like it a lot.

bank
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