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croumagnon

11/04/08 1:42 PM

#14935 RE: winvestor2 #14933

"But what if they only needed a little more time to ink a partnership which brings in the cash they need?
Then maybe it wouldn't matter as much that this financing was so awful, as they could pay it off"


I agree but I give that a low probability. Moreover, they can not buy back everything from LFB relating to this deal because the warrants will stay unless LFB does not want them. So, even in your unlikely scenario, the deal was not a good one for GTCB shareholders as the dilution is real...