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Harrison Stafford

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Everything posted by Harrison Stafford

  1. Zinc battery firm Eos agrees US$315 million facility with Cerberus Capital, retires existing senior loan US zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises has agreed to a financing package with private equity firm Cerberus, comprised of separate loan and revolver facilities totaling US$315 million. The financing from an affiliate of Cerberus Capital Management comprises a US$210.5 million delayed draw term loan partially dependent on achieving operational milestones, and a US$105 million revolver that Eos can draw upon at Cerberus’ discretion. Eos said the funding will support its plan to scale operations and execute on its path to profitability, with losses narrowing in recent quarters. It manufactures a proprietary zinc-based battery which it sells to system integrators for projects with up to 12 hours of required discharge duration. The company will use the proceeds to retire its existing $100 million senior secured term loan on favourable terms, which it said will strengthen its balance sheet. It said it has reached an agreement to extinguish that debt for US$27 million, of which US$20 million has been paid with the remaining US$7 million payable over the next 12 months. Eos CFO Nathan Kroeker said: “The strategic investment announced today, combined with Eos’ highly efficient manufacturing capacity model, supports our capital needs as we execute on Project AMAZE. We look forward to working with Cerberus and their strong network to continue driving down product costs, improving performance of our storage systems, and developing financing alternatives for our customers EOSE +.20 to $1.06.
  2. Five in a row! Ho! Ho! Ho!
  3. Four in a row! Go! Go! Go!
  4. IBRX +.66 to $7.16. Waiting to see the last short interest report which, I believe, is due out next week.
  5. Rusty’s gay and won’t tolerate hate speech.
  6. Still have my baseball cards from the 50’s & 60’s including these two.
  7. Crow tastes better when served in humble pie.
  8. The guitarist was Spencer Davis and the song was “Gimme Some Lovin”. One of the reasons I enjoy this thread is watching the videos of Russian shit burning. Never gets old.
  9. Are we talking Steve Winwood as a member of a group (Spencer Davis, Blind Faith, Traffic) or as a solo artist?
  10. Have followed the topic (on and off) since Russian Deputy Foreign Minister Sergei Ryabkov declared, "There are no plans or intentions to attack Ukraine” in January 2022.
  11. Occasionally, I stick my nose in here as the info in this thread re: the Ukraine-Russia conflict is infinitely better than the info anywhere else on the planet. Slava Ukraini
  12. It’s like WWII with the Russkies throwing men and materiel at the front.
  13. Everyone knows Jerry West was a prolific scorer, but he was just as adept as a passer. West could change the flow of a game at will. A team player who played hard on both sides of the court. He never flopped, was humble, and refused to even dunk a ball. A classy guy all the way around. Godspeed, Jerry.
  14. With GERN’s blood cancer drug, Imetelstat, being approved last Thursday night by the FDA for the indication of MDS requiring transfusion, GERN’s growth via a BP partnership and/or buyout are the paths from here.
  15. GERN +.41 to $5.
  16. Can we haz two wins in a row and, maybe, possibly build a little momentum?
  17. GERN’s blood cancer drug, Imetelstat, was approved by the FDA. GERN +.72 to $4.61. Holding 6,000 shares of GERN at $3.19.
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