Calm Waters#$%$ Strong (Financing News)
This is huge news boys
1. It takes out all toxic debt that was remaining on the books
2. Gives the company all the money they need forever. No more dilution.
3. The warrants that CW/DS own will never be exercised until the company is bought out.
Net net: This is fantastic news for the company. Dan O'Neill is really leading a major turnaround here. Finally, the employees and exec team all have options struck at $.75/share. This is highly undervalued here.