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Multiband Corporation Message Board

  • cliffbanger86 cliffbanger86 Mar 26, 2012 5:17 PM Flag

    Mandel just let the cat out of bag on financing

    He just said that the financing is all set except for a prepayment provision. Then acquisitions in the MDU space appear to be imminent.

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    • I just went back and listened to call. Mandel stated the financing is all set and they are in the final stages of negotiating the prepayment penalty on the existing financing. Then the MDU expansion can begin in earnest since it requires the new facility.

    • Also, the new service centers have been a big win. Multi has made new contracts with TimeWarner and Comcast in the SE states using the talents of the Sarasota, FL service center, and the Missouri center has enabled Multi to provide superior wireless broadband in its MDU test in St. Louis. This has begun in February and will contribute significantly in 2012. Listen to Mandel's comments during the Q/A of yesterday's CC.

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