It is a little more interesting than a simple credit raising....

It is a little more interesting than a simple credit raising.

Couple of things :

1 - They just said in the last financials that they had over $1,100,000 in the bank (1,608,000-432 ,000 for the next quarter)

2 - The road show is going, so they are obviously actively trying to get investors in.. this might mean they have succeeded.

3 - Insto's wont be able to get a decent position at current prices as there isn't the number of shares for sale, so might make sense to issue more at current prices to get them in (not so good for us holders in the short term but might be good in the long term).

Hoping credit raising isn't going to be at (too much of) a discount, but if instos want in at this price and give NAE a stack of cash for it, it might process this asset into something that is of real value and is still 100% owned and controlled by NAE.

....we will see Monday.