Looking at the facts of todays news
IMO,
Not being negative just wanting to justify the reasoning behind accepting this proposal
For a $25m U.S loan
They are paying 10% interest pa
A 2% establishment fee
$5m U.S in equity at lowest price as per conditions - lower price falls more share they get
333m - 10 options
And this is all subject to hitting the market for $28.3m - which if price falls could exceed another 500m shares easily - price now 5.8c
How is this a fair deal - considering the company has ticked all the boxes
Open discussions only helps shareholders protect their hard-earned
DYOR
Looking at the facts of todays news IMO, Not being negative just...
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