As I said "My reading is that the delay in completing this was because they could not convince the banks they can turn this around and would not sign off with out a doubling of the debt reduction. What are the repayment terms for the remaining $40 Million??? EQR now only have $8 million of the $25million left. With the operational losses and capex programs for both operations are they going to need to raise more cash???"
So operational losses continuing and adding another 27 million more debt and because they paid down that extra 8.5 million of debt from the issue at 9c Now they are raising 6 million more at 4.5c to double the dilution.
Yep but Scottm says every thing is going to plan.
EQR Price at posting:
5.6¢ Sentiment: Sell Disclosure: Not Held
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