"Might borrow the full $30 million instead of $25m."
That's just my thought. Would make sense seeing as they now only need the extra $5 million. Of course, that might come from options exercise if they get the sp up to 15c plus over next couple of months. That wouldn't be too difficult from here.
The other bit was from a phone call a while back. It's standard procedure for any company to examine multiple lending options to look for the best one and as a safety net in case the first falls through. It also gives them better negotiating power. If you only talk with one lender, it's hard to negotiate the best deal!
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Mkt cap ! $56.23M |
Open | High | Low | Value | Volume |
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4 | 91016 | 0.063 |
5 | 195001 | 0.062 |
2 | 397540 | 0.061 |
4 | 173333 | 0.060 |
1 | 11152 | 0.057 |
Price($) | Vol. | No. |
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0.064 | 15254 | 1 |
0.067 | 24600 | 1 |
0.068 | 20000 | 1 |
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