it will be one of those facilities where they give you some cash and you give them shares at a big discount to market price. a facility of last resort which is probably why they have said so little about it. if it hasn't been used yet there will also be huge setup fees on the first draw down paid in more discount shares. worst thing is that as soon as the facility operator gets the shares they start off loading them and this drives the price down. then when the company needs more money next month the discounted share price will be even lower. they don't even care if they sell some for less than they got them because they get so many on the facility setup fees they end up with thier money back and a tidy profit but it screws the company.
CHM Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
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