Saturday, November 23, 2013 8:59:26 AM
1) It would be 100% contrary to the way Mr. Abajian has acted since becoming a public company re: convertible debt coming due & the timing of news.
2) Mr. Abajian is going to need to go to Asher again in the future, if he 'screws' them they may not do business with him again. These arrangements are made based on the understanding the lender (Asher) will be able to sell 'into the news'. If he gets a reputation in the 'Convertible Note Lending Community' (CNLC) as a guy who doesn't 'play ball'. Many of his sources of funding in the CNLC might quickly shut their doors to him.
Asher & similar companies do NOT need BRGO, BRGO needs them.
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