Been reading about it on the yahoo board, what r ur thoughts on this matter?
From YMB: I see a cup and handle pattern on the 1-yr chart...looks like a similar pattern to that being discussed on the RAME board....very possible both will take off, but I am concerned about the lack of DEJ financing and this $5 million dollar bridge coming due...RAME vs. DEJ...that is the question...
I don't want to be convinced...can someone tell me why bridge at a high rate and dilution rather than longterm financing....also, why this board treats the following passage from DEJ last week as no big deal?
"We have a working capital deficiency and will be required to raise capital through financings. We may not be able to obtain capital or financing on satisfactory terms, or at all. As of December 31, 2010, we had a working capital deficiency of approximately $2.0 million. The working
capital deficiency mainly consists of bridge loan drawn during 2010 which is due on March 31, 2011. In
March 2011, the lender approved to extend the due date of the loan to April 30, 2011 and the Company is in discussion with the lender for further extension."
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