Now I can understand the selling pressure.
This "re-sizing' of the debt facility appears to unwanted issue.
EIG may now be getting cold feet in stumping up the original facility.
"The previously agreed sizing mechanics and assumption in the EIG Facility no longer apply".
So if EIG are now only prepared to offer a lesser facility, then CR is the only recourse and that means a massive dilution at current levels.
banksy...yes this line is cause for concern "Contingency planning in the event that an optimal, full financing solution is not available at this time"
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