Advance approval to issue up to 100 mill shares eh?
So will they raise $30 mill, $35 mill, $40 mill ... or more?
Will that raising be part funding for refinancing the convertible notes? Or, will it be working capital in addition to a palatable deal to refinance the notes?
Will that working capital be leveraged with farm ins or similar to say Lorraine and Lons le Saunier?
Given former managment were very frugal with share issues, there would still only be about 350 mill shares on issue with the new shares approved today.
Yup it is game on ... and they will remain suspended until all or part of the above or similar is announced.
Dex
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