I don't think these payments are a big deal compared to the big picture. Just a weird loan with weird terms from the start. What were they anticipating?? Did they have confidence something was coming that would cause NB to meet the equity requirements in the deal and then it did not happen?
If they did not pay up I’m certain a NR would have been disseminated way before now. Unless of course there is another news release preventing them from posting the outcome of that payment.
I don’t think we would expect payment being published, just nonpayment would be Material News.
But I could be mistaken.
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Wainwright & Co., from 6:39AM ET on Thursday Aug 29, 2024 by Dow Jones 6:39AM ET on Thursday Aug 29, 2024 by Dow Jones