Replies to post #13720 on Dr Foods Inc. (DRFS)

[rdsmalltimeinvestor]

I wouldn't say their financing is necessarily a poison pill. It isn't a great way to finance a company but it is however necessary at this stage of the company's life. From what I understand their lender was given convertible notes in case cash was not available, they could convert the loan balance into shares in the company, which still hold value. Like I said not the best way to finance but it also satisfies the loans and basically forces an institutional investor IMO.

[Edmcgrath]

interesting and I should look at the methods too