Also, the amount drawn of the $13m goes up and down. It goes up when CAN issues notes in exchange for cash, it goes down when Obsidian converts notes to shares. So this is a cycle that can repeat indefinitely until such point that Obsidian decides it no longer wants to convert notes to shares, perhaps because they don't believe they will be able to sell them for a large profit. CAN is still liable to purchase all of the oustanding notes back when they mature (18 months).
CAN Price at posting:
8.0¢ Sentiment: Sell Disclosure: Not Held
