IMO ... seems like AGP may have lost faith in this Co and are possibly not going ahead with the convertible debenture agreement thus the Companies need for the current capital raising to go ahead. As I understood it if the agreement with AGP wasn't to go ahead then the $2 million that AGP had already given to Co is immediately repayable back to AGP on demand. Is this the reason for the somewhat urgency we are seeing !!!!!
If Straws is right in his post that they want to raise some $15 million at a price of say .15c/share then that means that the Co will need to issues some 100 million new shares. Is that a dilution of the Co value or what !!!! and thats if .15c/share is the going rate. I personally think the rate will drop as low as 8c-10c as I dont think anyone wants to put any more money into this Co and I think that there will still be a lot of shareholders getting out of this stock and lots more share price falls to come..
MUN Price at posting:
18.3¢ Sentiment: Hold Disclosure: Held
