That's a negative view on things. I agree with you that the interest rate is high. A few points I would make are: 1) Andrew Kearnan was appointed for strategic oversight and governance: Another way to look at his resignation (without actually knowing the real reason) is things are travelling well and as expected so he is no longer needed. Hopefully we'll get some clarity on this at some point. 2) Having the loan facility can get Spenda through to CF+ without dilution. 3) The loan repayment kicks in as of year 3, projections see CF+ coming in later this year: Plenty of room to pay the funds back quickly.
They aren't likely to drop revenue information given the quarterly is around the corner. Just wait and see.
SPX Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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