If thats the biggest risk - I'm very happy.
The "sophs" have already sent their money in, they are committed, however if the company has a better offer they don't have to take that money.
IMO they won't stay suspended for too much longer, it's likely they've set a deadline to get some sort of agreement with this investor or just take the Cap Raise money & keep negotiating. If that's the case they'd need to offer some sort of explanation as to why we've been suspended for so long when the cap Raise was filled on day 1.
The fact we are still suspended to me says they are still negotiating, hopefully we'll get a conclusion before trading commences Monday.
Those insinuating this is about the IDC loan need to realise if the loan was rejected, that is material and they'd need to announce it. This is not about the loan, this is about the Cap Raise (as stated) and this new investor is influencing the raise. Either adding to the Raise size, possibly redoing the raise to accommodate this new investor at a probably higher price, or possibly even negating the need for the Raise.
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If thats the biggest risk - I'm very happy.The "sophs" have...
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