Timing for this venture is imminent, and a credit line agreement could close and be announced within the next ten days. It's an eye-opening and intriguing twist on the S-1 plan for raising MyFlix capital, and one which merits our serious consideration.
As it stands, the cost-of-capital under this credit line proposal is far more beneficial to HHSE and our shareholders than the prior plan of issuing 100-MM+ shares via the S-1 to raise the same level of capital.