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Message: Re: Re "shares for sale" and what's bothering me - Guyver

Mar 21, 2007 02:50PM

Mar 21, 2007 02:55PM

Mar 21, 2007 03:06PM

I know you're just catching up, but I'm compelled to respond to hopefully reduce your ire.

First, re: Holocom debt: the debt holder has agreed to an arrangement where the debt will be repaid over time via a peice of the profits Holocom generates.  No harm, really (and the debt holder had little choice - take this or they file BK and he gets nada.  It was probably worth it for us to retain the known Holocom name).

Second, re: the deal with Fish:  The deal they struck was way better than the deal it superceded, where Fish could potentially get $100M (if I recall correctly).  The bigger thing was to get one more irksome hurdle out of the way.

Hope this helps.  If not, pour another one! LOL

SGE

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