It's just the beginning for Spenda!, page-8394

ExtremeLand,

the oppie conversion would result in $13.5m in 6 months. AF could get a CR-shark to underwrite any shortfall and the shark could easily keep the sp above 2.5c. That would be an easier way to do a CR as an oppie conversion is one type of CR. If that would be a strategy if cash is needed then that would be the smartest move as the market already has "warmed up" to the 550m possible converted oppie-shares.

But there is a golden rule, "Raise when you can, not when you have to!". Should AF get an offer too good to be refused then we will may have one earlier. But who, at this stage, would buy 1b - 2b shares at 1c -1.5c if the future of SPX were dull? Would you?

Maybe some trader groups could be playing with SPX, possibly cashing in on 50% gain at 1.5c. But there would be many to grab those shares.

Many possibilities, all depending on the upcoming revenue / cost numbers.

GLTA