Re: Would you go for this?
posted on
Apr 16, 2015 08:00PM
I agree with you that we would be unjustly rewarding the 'Matawa' with my model. The challege I have is that not working a deal is going to drag things out long past my life span. The government isn't going to fix this but the courts might and there is a reasonable probability that it won't go the way we would want it to. Add in that this Dec 2015 the $15 million RCF Loan becomes covertible at $0.45 or about 33 million shares of dilution and 1/3rd ownersip of NOT. So while I acknowledge the problem of rewarding the Matawa how would you get the deal done so that we can benefit from our investment?
Ideas?
... Been There