Interesting discussion I find it had to understand why when there was more room to issue shares,and if convertible snot paid off, why the convertible note holders would pressure CFO to do a reverse.Guess depends what the $ balance was. Guess question can only be answered when 10q filed.My scenario was just CFO had some wacky financing plan he thought could be met with a reverse.
As far as posting about financing, I posted I think unlikely anyone would invest $3 million to rehabilitate the mill in any sort of conventional equity or debt financing except some level of financing may be available through convertibles again If there is volume, which there doesnt apear to be these days.
Company may be in bigger financial problems than apparent.
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