The typical 15-20% of most CR is fine. So, yeah 20-25% would do it. That is if we are talking NO consolidation. If we have a consolidation then we can fall more and I would want a bigger discount.
Lets not kid ourselves it is impossible to sell at 0.1c so getting a discount is still a long term investment and a hard sell for INT management, which is why the last RI failed. That is why I'd want assurances of no further dilution. Not that we can trust their word. But a nice preso that is believable will do the trick.
You have to wonder if their are some seriously annoyed soph out there right now. And if they will kick up a stick. If they can prove we were insolvent they can reverse the placement and get refunded. Or if they can prove they were mislead into thinking $1.5mil would be raised. Cant imagine anyone was able to cashout before the TH.
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The typical 15-20% of most CR is fine. So, yeah 20-25% would do...
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