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gabeh

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gabeh

Re: agribusiness72 post# 7805

Wednesday, 04/18/2012 12:22:34 PM

Wednesday, April 18, 2012 12:22:34 PM

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agri, one of us is missing something. I thought that first Lenfelt converted the debt owed to him into shares. Then he loaned Teve another $5 million in exchange for futher shares. It is this added $5 million that is intended to fund the company for the year (or however long it lasts). This is where Teve's current cash comes from.

So it likely will last the rest of this year, which is now only eight and a half months.
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