NuOasis (NUOA) formerly NONA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Sammut who wrote (722)	11/3/1998 1:39:00 PM
From: jmt	Read Replies (1) of 1622

Ken: Credit without collateral in a new entity without a history of profitability is difficult if not impossible. Any report to the SEC would say what? The company had to make a business decision for financing based upon the options available? If the company has already gotten to the point of a term sheet, and they feel the need to disclose it on a filing, it must be close to a done deal. The next danger may lurk in a S-3 filing giving the lending institution convertable preffered shares at a discount to market. This gives the lender (and fred) more time to liquidate in a higher range. Why else would the lender require a reverse? It has no impact on the operating cash flows or ability to repay a traditional loan. jmt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next