I can understand a Coal company financing secured debt with a bank, but what makes you think a Cactus processing company can get a secured loan? Because the bank can resell it to another cactus processing company?
This cash is trivial. Cash flow and working capital is the life blood of a growth company and usually it's downfall. I'm just glad they were able to find a loan shark to handle it. Look what Puda's CEO did with that company, in order to fiance a new coal mine. It blew up in his face.
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