They still haven't acknowledged the termination of Bonita, or its status, or if/how they intend to challenge/defend the notice.
If wBill is correct, and I don't doubt he his, the 25% CR is imminent.
I'll take a stab at 100 mil @ 1.2c for $1.1 mil.
The fact that they flagged and approved 25% dilution at AGM indicates they don't expect Cadlao resolution + settlement anytime soon, if they did, they would have no cash problems.
