I do not want the 20M draw down facility done for anything less than 10c a share. That still is a few hundred million shares.
With the draw down facility in URL's back pocket - management must not go back to sleep as they did in the past. They are going to have to work hard to get the share price up to an acceptable level that does not dilute us when the capital raise takes place. These guys had best do a good job. Hopefully with the facility in place, it will give URL a lot more bargaining power. Wish it could have been for 50M more.
URL Price at posting:
25.0¢ Sentiment: None Disclosure: Held