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Warmy

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Warmy

Re: jmhgolf post# 21414

Tuesday, 01/29/2013 11:20:02 PM

Tuesday, January 29, 2013 11:20:02 PM

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It would be different if SIRG voluntarily used the mine for collateral up front. In this case, Grand View is forcing SIRG to do so and the terms of the agreement are not something any company would want if they had a choice. It would also be different if SIRG had been making the agreed upon payments on their notes. Now they have to make the payments to not only Grand View but, by the terms of the agreement, to all of their note holders as well. There is no margin for error in that agreement for SIRG.

All IMHO

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