The funding announcement of 26 February contained the following para. amongst others:
" Alcyone has the right to terminate the Agreements at any point by paying a termination fee. Alternatively either party may terminate in the event that the share price is below a specified floor price".
True to form the Company does not say what that floor price is, but it is a fair bet that as far as the Feb.26th agreement is concerned, it is well in the basement now.
What is intriguing,though, is the little speculation that Mr. Morgan was forced/coerced into paying the termination fee, hence the sale of shares????
So there is only one fundraising of $2.5M, not two??
Wouldn't hurt the Company to clarify, would it??
AYN Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
