”Among the Senior Executive’s principal initial functions for Puget will be raising funds required by Puget to come into and remain in compliance with all reporting obligations under the Securities Exchange Act of 1934, as amended, to discharge all existing Puget debt, and to implement Puget’s Strategic plan.”
“Mr. Cohen intends to obtain initial financing through use of his own credit, borrowing funds personally that he will then lend to Puget on terms identical to those applicable to him. That is certainly “putting his money where his mouth is.”