Notwithstanding all my recent posts about not having an issue with the funding facility. The two shortcomings are these (without being privy to the contract):
1. Non-use of an average SP - weighted average of X preceding days;
2. Non-use of escrow.
The above is assuming that the above 2 conditions are not part of the agreement.
Re 1: After today's announcement I think we can assume 1. was not put in place.
Re 2: We cannot be certain about who did the selling today.
PAX Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
