Green Oasis (GRNO)

[rkiefhaber]

"Definition of 'Death Spiral'
A type of loan investors give to a company in exchange for convertible debt, which, like convertible bonds, typically has provisions that allow investors to convert the bonds into stock at below-market prices. This can cause the original shareholders to lose control of the company."

Quite the contrary "kezzek", I don't see the word convertible any where in the news release. They specifically state a "senior secured debenture". Based on the limited information available this is not a death spiral. One could assume further that the financials are complete and the lender has reviewed them and feels the company is worth the investment of $2M. This could be very GOOD news. Maybe the news releases will start flowing as Taylor said a few weeks ago.

All my opinion of course.