Re: Ok Explain This
in response to
by
posted on
Apr 03, 2014 02:34PM
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The problem is bigger than 2 million dollars. The problem is the 5 million dollar loan that will have to be repaid in a few months. http://tyhee.com/news/14022014RMBTransactionClosed.htm I am sure that the board of Tyhee has an alternative plan how this will be done and hopefully a new deal will be presented before the loan is to be repaid. "Black and company" is far too smart to let this become an issue.
Correction to my last post:
It is possible that the final cost of this failed merger could be larger than the 2 million figure I wrote in my last post. There were likely additional costs associated with the merger on top of those I included in the figure. Some but not all of these costs can probably be seen as an investment in any further acquisition should it take place.