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JJBenzo

02/10/10 12:48 PM

#291 RE: bart #290

A debt offering does make sense. The caveat is that market always rewards debt free companies. The company has been plagued by its current debt on its balance sheet from the lawsuit they fought and won. They should be receiving up to $4 million any day now according to public records. That will cure their debt on the balance sheet and make for a excellent balance sheet for equity infusion.They have plenty of Equity tools to work with and debt instruments can be tricky. And if things don't go exactly as planned you can get the debt noose around your neck again and also could be expensive say around 12%. I would prefer the run debt free. JMHO