I think your assumption is correct, the CLN terms BRN negotiated are the worst I have ever seen, but then I generally avoid companies that use CLN's like a lot of investors so there may be even worse out there. And don't forget the 20 million options thrown in for good measure.
Let's hope they don't need another one.
Ann: Market Update, page-111
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23.5¢ |
Change
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Mkt cap ! $461.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.0¢ | $1.912M | 8.083M |
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| No. | Vol. | Price($) |
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| 16 | 620903 | 23.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 966723 | 20 |
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