price chart is showing signs of another ccc, page-7

Have you seen the sp lately? We are already down sharply. I'm very anti La Jolla. But in this instance it would be cheaper than the Celtic loan. Celtic had large upfront fees and is also a convertible note like La Jolla. And the way we are going it will convert at a very low sp. Celtic will dump. They never hold.

La Jolla is expensive finance but would look cheap compared to Celtic and CC JV. And KAB don't exactly have many options. Rights issue would fail to raise the amount required.