If Raisama are going to fight for Cadlao, and they are...

If Raisama are going to fight for Cadlao, and they are considering raising say $8 million equity, they need to give notice this week. Raisama need to get shareholders permission and 28 days notice of such a meeting is required.

Otherwise the whole Cadlao project hinges on Legavi or other debt financing - and they have been trying for over 8 mths. Blades termination notice is going to make it much harder to obtain finance. Of course Blade will lose at any arbitration as Blade should have waited until 26 June. The future claim for damages will be high.