Michael, if you want to stir the pot, at least stick to known facts:
The financing is $120 million CAN not US. To the best of my knowledge the interest rate has not been revealed yet. For you to state that it is 11.5% is simply conjecture on your part, unless you can back it up with a credible or reliable source. As for the 2 year amortization, again, where did that come from? Sources please!
Yes, RYO did technically default on the previous $44 million debenture, but not because Peggy was unable to make the interest payments. As far as I know, the next debenture payment was not due until August. Oh, and by the way, the new financing replaces the previous debenture, it is not in addition to that other debt. Get the facts straight!
It is quite obvious that your intentions regarding your posts on this thread is to create doubt and concern among RYO shareholders. It is also obvious that you don't contribute anything of value to the discussion around here. Unless you stick to the known facts, or begin to contribute new information from credible sources, you are not likely to get any respect around here. |
