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Re: AugustaFriends post# 212527

Tuesday, 07/03/2012 11:31:38 AM

Tuesday, July 03, 2012 11:31:38 AM

Post# of 644769
PCX should release debt refinance / new revolving credit line news this week. July 6 is the last day to complete the refinance. If they complete it successfully, it should give the PPS a nice shove upwards since it will disprove all the BK rumors from seekingalpha that helped crash the pps.

From 8-K dated 5/8/12:

Quote:
2. Commitment Termination

Each Commitment Party’s commitment and the other obligations set forth in this Commitment Letter will terminate on the earlier of
(A) July 6, 2012 and (B) the date the Loan Documents become effective (such earlier date, the “ Termination Date ”) unless each Commitment
Party shall, in its discretion, agree to an extension in writing. Before such date, (i) each Commitment Party may terminate its commitment and
other obligations hereunder if any event occurs or information becomes available that, in its reasonable judgment, results in, or is likely to
result in, the failure to satisfy the condition set forth in Section 1(d) or 1(f) (insofar as Section 1(f) applies to compliance with the provisions of
Section 3 hereof) and (ii) the Borrower may terminate this agreement upon written notice to each Commitment Party.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8597318

Credit goes to PatiencePaysOff79

Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.

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