Re: Anyone have any "New" innovative ideas for financing?
in response to
by
posted on
Aug 10, 2012 01:45PM
Edit this title from the Fast Facts Section
Maybe the "Bank of Mann" can get some TARP funds (any of that left)?
In all earnestness, the fact that Al has not yet stepped up with an increase in his line may indicate more a lack of true liquidity rather than not wanting to step up further. Even a sale/leaseback of the production facility would be difficult if a third party is involved at this point due to the uncertainties of the cash flow stream to repay (product not yet approved and unknown market acceptability). Dilution with the existing increase in authorized shares, given Al's history in equal conversion of his debt to maintain ownership %, would not produce enough to take it to market given current PPS. It would seem to me that Al extending and increasing line of credit would produce a nice bump in PPS that would give more traction and dollars with a dilution at that point. It doesn't seem to me that his asset sales this year were big time liquidity producers to enable such a line increase, but what the hell do I know? I'm just ready for NEWS, not tired CLICHES!!!!!!