what on earth does gxy owe creat group?, page-21

thelynxx

1. Technically there is no underwriting being provided by Creat Group to CRHL but the convertible note is effectively the same thing.

2. There is also NOTHING to guarantee. CRHL are simply conducting an EQUITY placement and subsequently will take an equity position in GXY. In the event that the placement is not fully subscribed then Creat Group will simply take up a convertable note for the difference which also can be converted to equity.

Either way its a routine deal so not sure why you originally made such a fuss and said it would be impossible for a company of CRHL's size to complete this placement on the AIM market.