GLL recieved funds from a major investor/s at a large premium under similar circumstances (in the 50+cent range IIRC???)......given the recent commentary/announcements from management anything short of a similar deal would be a massive fail and the straw that breaks the camels back IMO. I for one will be strongly reconsidering my continued support/investment in the company on this latest move. With the OA's currently in the money and on the cusp of conversion, a discounted CR would be a dead cert to kill them off, which would be an incredibly strange move to make......which has me leaning towards a placement at a decent premium.......as i said, anything less and it's a massive fail from the company and one they may never recover from (i for one will dump everything i own and not look back if this is the case).
RLE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held