[AlexSMF]

Hi Alex,

Given the scenario, what would you think would be the best, most cost effective working capital solution for a Company such as this and what would be the cost of capital. A ballpark APR....

Best,

Kevin

In this scenario, I would broker this to an ABL that would overlook the balance sheet being upside down (especially since the source of it is the shareholders loans). Probably a 12% best cast to 18% worst case. Leverage the receivable with no debt service. Actually, I know this guy, I think his name is Kevin Henry...company had something to do with water. Westcoast funding, eastcoast funding, no wait, seacoast funding, yes that's it. You should call Kevin, he may be able to help in this type of scenario.