2. There is another CI even if Pak completes the agreement and deposits the $10m?
It only makes sense for GMC to explore the "alternate funding" sources if Pak doesn't come through.
From a shareholder perspective we don't actually want to be diluted out of this project by offering stakes to multiple parties. If Pak comes through with his $10M, the additional $4M can be raised:
1. If Pak exercises his option (for another $10M)
2. Capital raising (the share price will be strong enough if Pak comes through, and it would make sense to retain control).
The next few days will tell us everything we need to know...
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
