SI
SI
discoversearch

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.
Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: Bob Jagow who wrote (26622)11/16/1997 2:27:00 PM
From: Bob Markley  Respond to of 35569
 
Bob,

Yes, i agree that the financing is very favorable, ... however we do have to see the terms, ...

The key is it's done at a premium thus not a 'dirty' discounted Reg-S.

They have chosen convertable debt over equity, ... that's non-dilutive. Rumor is that they can call(redeemable) it in the first year. Not only did they get the $$$, ... but on good terms. Somebody must know something to pay a 25% premium, ...JMHO.

Bob2