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clock Created with Sketch. 02/06/23
10:34
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Originally posted by Chuxa:
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Well there is a whole lot of assumptions here...first off, the 0.002 is a terrible price for the equity issue in CLE, CLE has been trading at 0.001 for much of the past year so equity has been issued at 50% premium already. Effectively, EUR have converted real cash (cash is currently tight in the markets and is a luxury to have) to equity in a sh*t and underperforming company at a 50% premium.
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If they couldn't pay up, we should have cancelled 2.25m worth of their EUR shares at 10c ea.
(20min delay)