EASY
$9 million / current share price. less 15% discount or $0.087 less 15% discount = $0.07395 $9 million /$0.074 = 121 million shares. I just rounded it off.
" Shares: the share amount will be determined by then share price (1- month VWAP immediately before end of term) less a 15% discount;"
What don't you blokes do your sums. You just wait for the shock, or just hope in hell the share price goes up.
First Samuel will get 1/2 the company for a $6 million loan.
Its a joke, and its the downfall of the company. Who is going to be dumb enough to buy IOR now?
EASY $9 million / current share price. less 15% discount or...
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