"Isodiol arranges $25-million debenture financing " - That too bad...thought this company had some potential...oh well another penny land fairy tale...lol
Blue Ribbon used debenture financing for years before they became a company called...NIKE! When the banks wouldn't loan to Phil Knight, he turned to debenture firms
Debenture financing is not ideal, but in a sector where banks are not loaning, there are few options for funding.