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umiak

07/31/15 9:23 AM

#30765 RE: westeffer #30764

Beats discount to common, I read this as bullish, but I'm no CPA.

cabel

07/31/15 9:26 AM

#30766 RE: westeffer #30764

That's a maximum of 500,000 shares to be purchased at %110 of closing price,... not bad at all.

umiak

07/31/15 9:36 AM

#30769 RE: westeffer #30764

Sounds to me like business plan projects EBITDA positive :)

Borrowers shall maintain Adjusted EBITDA of at least fifty percent (50%) of Borrowers’ projected performance for such quarter as outlined in Borrowers’ business plan dated June 5, 2015.