To secure its obligations under the Debentures, the Company will grant a security interest in substantially all of the Company’s assets, including its intellectual property, to the Settling Parties.
Rabin better deliver revenue or a JV fast.
I wonder how that security interest is calculated, should it become pertinent. A percentage of intellectual property? Determined by whom?
appraisers for current value, if it goes there. Interest probably calculated like bank loan-risk driven, tight-fisted, don't want to lend-bank loan calculations
After all the dilution this company has done over the past 5 years, what's another 25 mil? Just another 32 mil shares or so.
It is 12.5 million total. 2 mill cash, 4.5 mill stocks now and 6 mill by 2015. Not as bad as it could be and it is finished
$12.5 mil, .56/share (no dumping), collateral ip so, co can't go bankrupt and start again. What's the problem, did you think they'd take some SCs in lieu of settlement?