Re: sge, i think you are right on, add, the junior lender who

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SGE1

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Re: sge, i think you are right on, add, the junior lender who

posted on Mar 01, 2007 05:53AM

I'm thinking the the lender of that $24M really had little choice. 3% of future sales by SSDI is better than nada with Holocom (old) going under/liquidated. IMO, for us it's probably a better deal (with that lender) than possible litigation/arm wrestling that could end up costing us more than the $1M initial outlay.

BTW, per the letter to shareholders, I suspect PTSC paid more to capture all needed assets of the old Holocom. So the real number is probably more than the $140K + $770K, but IMO probably not too much more. IMO, a heck of a deal with some (small) spec money. I suspect we'll have seats on the board of SSDI (duh!), but will leave the management to the (ex-Holocom) people who are intinate with the product/business/customers. I like it - still speaking with ignorance (though I doubt anyone can speak with things they KNOW, unless we get an ex-Holocom type in here - though they'd probably be stifled by NDA).