Not sure what to make of this. MBND is selling them on their own...not using a broker/investment bank. Previously my take was that the idea behind the financing announced earlier today was to 'clean up' the balance sheet and then move forward with increased cash flow & profits.
I continue to believe that Carlo has a supporting cast (i.e. other parties that have also been accumulating under the radar) and that at some point they will flex their muscles. IMHO an attempt to acquire MDTV would immediately trigger a response.
Are you sure the deal states the financing is specifically from full circle? I thought it just said in general financing on terms acceptable to mbnd. they'll probably just buy some subs instead of absorbing all 30mm of debt.
but it probably means they're doing mdtv in some form, which means no sale anytime soon. now that i think of it, they probably have a good chunk of subscribers already lined up or they wouldn't have done it.