Replies to post #10458 on Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Private equity financing with a 5% issuance with Drax being the buyer would offset any dilution concerns. Right now who knows whether it is 5% or 25%? However a 7% interest rate on $2.5 million is only $175k. This is chump change and hard to argue that share issuance is a better option. To me it means they can't raise capital any other way.

Phillip