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Message: Re: Denselight - Crunching the numbers - does it make sense?

 Hi tpower,

In reviewing the time table for the Expresso bridge loan POET should  close the debenture on or before May 31 to  avoid the  default interest rate. $5 million US in cash might also be  qualified with NRE? 

Note that $2.5m is  required to  be maintained as net working capital. I suspect that NRE could also be used to  qualify that covenant. 

I  personally believe that June is  going to be a big month for us.

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