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Tuesday, October 29, 2013 10:51:49 AM
First of all, they issued a PR for something that "might" happen. Deal is not done. Why not wait for the "done deal" PR? Because this is a marketing piece? LoL
What is the interest rate? - LoL
If completed, the $12.5 million DECN deal will replace the $2.8 million (also Alpha Capital). So, they will likely have a credit line of $2.8 and only $10 million of availability on day one. Note how all of this PR is carefully worded and doesn't mention this.
Never mind that a $12.5 million credit IS A SMALL business line (note how the PR hints at something otherwise).
Still nothing about concentration of credit risk on the revenue side. Not surprising.
Good luck..
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