Baldy (if I may be so familiar),
<<Does that mean they are going to need the full $10MM of the PP? Is this financing on top of the $10MM PP?>>
What a good question! Wish I knew the answer! I guess there are 2 possibilities: 1) management foresees the need for the entire $10MM of PP plus an additional $5mm or so to reach positive cash flow; or 2) management feels that the strengthened prospects of the company warrant financing at a better rate than what was obtained with the PP.
Paul Henry's number is 1-727-897-4000. He insisted he wanted to talk to everybody who had questions (and he did not exclude you by name. Ha!) Leave a message on his voice mail, and he will call you back.
On the subject of financing: This thread has a strong tradition of thread members getting actively involved in supporting and helping the company, i.e. Dixie went to work for the company, Sam helped pull the Babe Ruth deal together, Marty introduced Hwang, many people beta-tested the web sites, REW has been an information conduit, etc. Is it possible that some poster or lurker has contact with an individual, group, or party that would be able to provide financing at better than loan shark terms? Perhaps someone knows of a venture capital group. Considering the number of substantial agreements signed over the last 2-3 months, I believe TSIG would be a 10 times easier sell than it was last Nov. or Dec. Perhaps some high roller on the thread would be willing to personally lend money to the company. (If not, at least they'll stop coming on the thread telling us how much money they made on such-and-such stock!)
Regards, Suzanne
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