Since neither side has announced what "conditions" remain, we're in the dark. If it's financing, rates are more attractive, I assume, since April when the deal was announced. If it's terms that are the hang-up, they've had months to resolve the issues, so it's scary to me that that might not yet be done.
Earlier I went to the California Investment Fund website and it seemed they have done several deals successfully. I tried to recheck again this am, but the website that I see must be different - I don't find any helpful information. It looks now like they're geared to the very small, individual entrepreneur. OTOH, they've apparently got different subsidiaries or sections, so maybe I'm on the wrong website.
I considered adding yesterday but the absolute dollars didn't appeal: I got stuck because I couldn't mentally get over having to put up $9.92 for 8c. Even if the annualized yield might be okay. And today, given that the stock is moving down - when I believe it should be going up - I'm frozen with indecision - so I won't be adding more. |
