Replies to post #429 on SAExplorations Holdings Inc fka SAEXQ

[piggy99]

Here is my view

They had $140M in loan.

The new loan agreement is as follows.

$70M in new debt at 10% interest
$70M in shares (6.4M issued) (approx 11 per share)

The also got a new loan facility of $30M and for the privileged of having the facility they were gave 2.8M shares. Just bear in mind that if there was no re-org, this company would have gone under. It is the cost of doing business. ($30m/2.8M = approx 11 per share)