Entered into an agreement to repay a substantial portion of the debt held by the senior secured lender, Prudential, of Thermo No. 1. Under the arrangement, the lender received an immediate payment of $27 million out of project escrow accounts and waived compliance with certain debt-related covenants and obligations until February 1, 2011. In addition, Raser is required to make an additional payment of up to $6.25 million by February 1, 2011.
2/1/11 HAS COME AND GONE.
And the stock is going up!
What does that tell you?
A. They Paid the money. Why would the company deliberately move the date from June to Feb if they didn't intend on paying the debt! Grow a brain shorts! Maybe they needed this debt out of the way so they could go about the rest of their business. Think VIA.
B. WOW! the shorts are so in control all they can do is short some, then short some more, Why? Cuz there is no exit plan. The only way they can get taken out of their position is on a stretcher as road kill! That time is fast approaching... Look at the charts! They can't stop this from going up! Soon the margin calls will start coming and the volatility!...sit back and enjoy the ride! Sweeet!
Today is the day! Watch what happens to the stock price by 10:30a ... The tale of the ticker will prevail. We are only minutes away from opening and the numbers will NOT LIE like some of the "bashers" ... I'm ready and waiting! .40 is only a few cents away. Moving up to and thru .40 is a very bullish sign! Raser is still alive after all the BASHER PUMPS! The stock is going up.
Raserrocket, that was brilliant analysis. I have two bags of rocks that are brighter than you. What about "c"? As i have said, they don't have the money. They need to sell thermo to have any cash. They never got $$$$$$$ from berg. That money went to utx to release the patents. In fact the way i see it, kh stole those assets also. All rzti.ob got in the trade was 39% of via which is worthless. He is a real scumbag. You guys got hoosed.