I am not sure of what this means. It seemed to me CBH were expecting TOHO to take this placement.
This leaves CBH short of funds for their planned developments. Is TOHO having 2nd thoughts or do they have other plans? The $40M loan by TOHO gives them to right to take 72% of RASP if the loan is not repaid in 3 years. Something is amiss.
The SP has fallen to 9.3 cents well below the SPP. Is this fall related to the TOHO announcement?
I am not sure of what this means. It seemed to me CBH were...
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