QUESTION
There have been several questions asking for an update on the status of the new financing. It is more time-efficient for me to reply to them as a generalized “What’s the latest?” question.
ANSWER
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Through the process of such discussions, it has become clear that finding the right financing partners, with long term thinking, sophisticated and benevolent both, is likely to succeed. It has had more to do with being introduced to the right parties. We have been meeting a higher calibre of candidates recently than ever before. I am confident that our objective will be met.
Naturally, I understand that time is of the essence. On the other hand, a poorly conceived deal or working with the wrong parties will merely create problems. Therefore, the most important consideration of all is the quality of the finished result. Our common shareholders can be confident that good people are working on the situation in a principled manner. The people involved, and I in particular, will only proceed with arrangments that are beneficial for the company’s future; a future that we are excited about.
