General discussion, page-2368

I was one of those believers but if the loan requires 5-10m free options + high interest like 12-15% + risk of losing company to loan sharks then CR isn’t a bad option to do.

We may lost some of our ownership but company became risk free (analyse yourself the risk, even term deposit comes with risk) and interest free. I’m quite happy with the move.

Imagine Kcn trading @$5 next year and Taurus execute their options @$2 and sell them to the market by then Kcn doesn’t need the money but they will receive $5m and Taurus will receive $7.5m profit, they didn’t give us any discount or lower interest or fee free loans for options, they took the bread, butter and took cherry too. A big fat loan would have sent the SP to $3-$4 but it would dilute our SP anyway.

I think RSK and Jamie should crack the best out of Chatree and get the plant 1 ready which will send the sp to $3-4 for and then they can do another CR to institutional only and keep ourselves loan free.