@finneces apologies if I mislead you. Dilution was not the point I was making, They get 10% on their money and for every $10 they lend a free option at $2. I can always increase my holding but I don’t get 10% on my money which on its own is not so bad and it is secured against the IP. I would have liked to purchase some of that “bond”.
It saves cash flow on debt repayment but perhaps the hard bargain shows the weakness of our position. As I said in my post my thoughts are a “neutral concern” as I do see the merits, but look at the share price still. Let’s hope the action was not determined by the OTAT outcome being not as we think it will be. I remain confident in the long term, confident enough to have brought into that debt refinancing if I had been given the opportunity and I expect so would others. Never mind, enjoy your day.
regards
Yelrom
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