re: Ann: Fully underwritten non-renounceable ... Wow, Streeter owed $7.5 million? If I have never seen a dog's breakfast this surely comes very close. Actually I will go out on a limb and call it just that.
This is a dog's breakfast.
Dilution yet again. This company in my opinion is on it's last legs.
So let's get this right. The company if successful in this issue will have $400,000 in the bank and pay debts that the company owes and still have a $4 million debt after raising $4 million. Oh the debt goes from short term to long term. LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!
Am I missing something here? Or do current shareholders HOPING have no idea?
Going under a cent sooner rather than later. Company looks headed to insolvency based on the pro-forma Balance Sheet albeit the debt is just re-classified to long term. What an absolute JOKE.
Don't FXR shareholder's understand basic financial analysis?
Ann: Fully underwritten non-renounceable entitlem, page-2
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