Replies to post #16338 on Americas Silver Corp fka USAPF

[SOUTHPEN]

I know it is tempting to buy back shares at these low prices but the last time resulted in a transfer of ownership. We had a little under 70 million out FD before the merger and today the same with less common but more options etc... Correct me if I'm wrong ,rough figures

Using the 19 million for buy back means we need cash for development .Blasutti wants Private Financing ,which will likely mean some dilution . A big circle. My guess is the Private Financing will be Convertibles where we borrow cash at say 3-4% interest and somewhere down the line either the company or the lender will have an option to convert the loan to shares. The devil is in the detail...