As mdimport just stated, that's not exactly true. If they can get a SBA loan (And SBA loves to help small towns), they would not really need the "help" of convertable lenders that are known to put small companies in that death spiral of debt...
Actually, the only thing I know of that would make my proposal of taking the company private unfeasable, Would be if the pps of the stock would actually go up just enough to make it impossible for mgmt to come up with the funds needed to pay off the shareholders.
But, that would also depend on just how deep the pockets of mgmt actually is.
You do know this is all just academic. Nothing said here is going to happen!!!!!!!!!!!!!!!!!!!
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