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Post# of 11962
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PhillipD

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PhillipD

Re: OCR8now post# 10458

Thursday, 02/27/2014 4:08:08 PM

Thursday, February 27, 2014 4:08:08 PM

Post# of 11962
Private equity financing with a 5% issuance with Drax being the buyer would offset any dilution concerns. Right now who knows whether it is 5% or 25%? However a 7% interest rate on $2.5 million is only $175k. This is chump change and hard to argue that share issuance is a better option. To me it means they can't raise capital any other way.

Phillip
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