Replies to post #80075 on Green Energy Enterprises Inc. (GYOG)

[skidstreet]

brikk, the 40% is just an extra equity kicker. QASP will still owe the lender 350 mil plus interest.

[mike93433]

Good point. The $350mm plus would be what they want back. The lender would only be confident enough to loan the money if there was enough value so that in the worst case they get their money and profit. The value seen would have to be multiples... 2x? 3x?. It should be enough so that in their view its a sure thing.

[chrisduo]

what do you think about dean converting the preferred shares coming in march? if that?

[maddyandboomer]

I feel like I watched an episode of Shark Tank. Now Dean has 350 MIL and the sharks with him. Should see a stream of rock solid PRs when DEAN is ready.

Brikk, like you said, they did not take a 40% stake to watch it go down the toilet