Replies to post #35502 on Green Oasis (GRNO)

[loanranger]

FWIW indeed. They told us this much in June:
GRNO Secures US $2 Million Line of Credit With TCA Global Credit Master Fund to Build State-of-the-Art Facility in Montana
http://ih.advfn.com/p.php?pid=nmona&article=52834471

There are no rules by which they were precluded from providing the basic terms of the agreement, but they chose not to. "Equity based and non dilutive" can describe any convertible debt on which timely payments are made in cash. They become dilutive if shares can be used as an alternative method of payment.... almost always at a discount. I'll believe that the deal is Equity based and non dilutive when someone credible says shares can't be used for payment. In fact, I have no idea how a line of credit or any other lending facility can be both equity based and non dilutive.....the phrase seems oxymoronic.

"their yield currently is 13%"
How do you suppose TCA can afford to do that?

Why not name "IR"? Was it Taylor?

ps. In May TCA itself said:
"TCA Global Credit Master Fund L.P. Closes on 2nd Tranche of $ 2 MM Debt Facility"
http://www.mmdnewswire.com/tca-global-credit-master-fund-lp-closes-on-108506.html
That was the second $500,000. We haven't heard about the third and fourth tranches.

[XenaLives]

Sorry, that sounds like an oxymoron.

How can a line of credit be " equity based and non dilutive"?