InvestorsHub Logo
icon url

jlglex

11/29/11 4:34 PM

#22634 RE: BRAAVO #22626

Discount Reductions Had a Price ...

Some of those creditors got a nice chunk of Series D, apparently in exchange for some debt restructuring, including a change in the discount to market price.

They are tilting more towards equity, reflecting some optimism about the revenue growth.

Now, the Series D is all outstanding, reducing the share of equity available to the Common Stockholders.