Middlebury obviously performed due diligence on the company's cash flow and profit for repayment, but if Bacterin cannot repay the note, Middlebury will look to the security or collateral as a secondary source of repayment. Maybe, just maybe if Bacterin cannot repay the loan, Middlebury can seize control of the company. Considering that they performed their financial due diligence, maybe, someone will perform a management overhaul?
All one has to do is speak with former sales reps and managers that have been chewed up and spit out while being treated like dirt. You know the old expression, just because you knew how to invent something, doesn't mean you have the ability to run a company witnessed by the carousel that goes round and round at Bacterin.