Ann: Strategic Investor Provides Kaddy Access of upto $7m Funding, page-45

They’ll want to maintain 10% stake in order to maintain this as an actively managed investment. Order book looks propped up to put conversion in the money (would look brilliant on an end of year report having ur 7m CN deal deep in the money aftee 3 days wouldn’t it)…Doesn’t seem there would be nearly enough volume to dump 7m onto and maintain a SP above 5c. Next stop will be 10c to put those oppies in the money. Then review again.