American Green Inc (ERBB)

[neilbolton]

Financing...

So, I called. Mario says that the Granite folks "brought in $800,000 and something" but were unable to secure any more than that.

Weren't we told that the balance WOULD be paid on the 15th some time back? Now it looks like that was never on the cards.

How secure is the $800K. If I were lending to a company fighting for its survival and knowing it needed $3M+ to survive, any funds I commit would be contingent on the the balance also being raised.

Financiers are not idiots. If $3M is needed to survive, then my $800K, if it is all that is received, will achieve nothing except pay back expenses and salaries until the money finally runs out.

I like the spin for today. We are better off without the financing it seems, because we will be able to get a better deal elsewhere. Oh yeah!

Just like we were better of having the security exposure discovered in our software, because it tested our mettle and made our product all the better for it.

I'm sure if we end up bankrupt someone will be telling us we are better off because the bashers, MMs, shorts, Macrovision, Felten and Halderman will no longer have a reason to attack us.