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rocketeer357

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rocketeer357

Re: errett post# 241

Wednesday, 04/02/2014 1:54:28 AM

Wednesday, April 02, 2014 1:54:28 AM

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Yeah, I saw that too....but can't find my decoder ring...

Specific circumstances= really positive RECOVER results IMO. And the alternative financing option could be a re-issuing of the warrants to reflect the elevated share price that would follow positive RECOVER results.

Looks like the bottom line is that the $35 million is guaranteed with a floor at .52
With good results, the company can opt out of the $26 million tranche and find friendlier terms.

How sweet would $55 million of warrants with a strike price of, say, $1.65 look today?
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