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Netlist Inc. Message Board

  • carrollcountyman2004 carrollcountyman2004 Jul 18, 2013 10:50 AM Flag

    No buyouts coming with this financing. Did you read the agreement and covenants?

    The funds deposited were to pay the current line of credit due. IMO, things can't get any worse.

    "The $6 million Initial Term Loan was fully drawn at closing on July 18, 2013. Proceeds from the Initial Term Loan were used in part to repay the Company's existing consolidated term loan with Silicon Valley Bank. The remainder of such funds will be used to fund the Company's ongoing working capital needs. "

    Sentiment: Strong Sell

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