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GreenHunter Resources, Inc. Com Message Board

  • rosen62 rosen62 Oct 1, 2013 1:29 PM Flag

    Wait a second...

    Did he just say 50 mill in series C at 10%? Perpetual preferreds? That is 5 mill a year in payments for tot yearly sales of 40mill! Being valued at 2+ times yearly sales this is NOT cheap. Bad capital structure hidden under rosy story. Watch when he says EV at 100 mill. The savvy observer will know half of that is the series C. Common shares took a huge hit with this financing and he thinks he is shareholder friendly!!

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