But just THREE months payment in equity, at this figure would see 25% of the loan paid off. (Initial drawdown) Only around 20m shares at this low level. So it's not that scary and I don't agree with the way you sell it. ..Initial draw ... that's 12,6 mil
Do you know what .... ..... I have thought about disputing this sentence .. but ... I am glad I am out of this stock .. I sold my last tranche at 17.5c .. when they announced the CN .. Dollar ... you are wrong .. they are tricky .. look at the example of 25% equity payments ( at 20c ) ... costing 11.9% ... you stated above that 3 payments would result in a 25 % reduction in the loan ... sorry but you have no understanding of how a P & I loan works ...its mostly interest at the beginning and a little principle .... GLTA ..
