Loan note holders can discuss deals with whoever they like.It’s not illegal or against the law.
Why on earth if AJM did have a “deal” didn’t they lock it in sooner? They knew the clock was ticking.
Im suspecting there’s a clause that AJM have already broken by not repaying on time previously that allows the note holder to freely enter into discussions with other parties. AJM just didn’t foresee this playing out in the current environment
i don’t buy this “friendly” relationship with note holders either - “sharp nosed financiers” are anything but friendly.
Like I said - caught napping.
All IMO DYOR
Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-253
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