Re: What other options do we have other than PP?
posted on
Dec 22, 2011 09:24AM
FYI - Back on Dec 6 I asked RM if there was a plan B if the PP failed. His response was _______________________ "While the company reviewed options to deal with and address the $100 million note repayment due December 23, 2011, the only path I've been advised upon is that of the announced $120 million private placement. The Company is continuing to work with the Agents, Counsel and investors on the placement. Material changes in position would be disclosed through formal public disclosure such as a press release and regulatory filing." ________________________ Reading between the lines... In conjunction with the announced PP, everyone remaining on the payroll has been instructed to cross their fingers and wish upon a falling star. With this powerful combination, we have a winning strategy!