Originally posted by jimmityg
oops, I mean $15 mil is the max they can raise from the CR - tell em they're dreaming.
So, scenario 1:$900k + (minimum CR amount) 5mil = $6milish = Toast. Sentiment gone, no cash, vultures sitting and waiting for a future low ball.
scenario 2: $900k + (mid-level CR amount) $7 mil = $8 mil = 6 months to find some interest to get something going, otherwise, refer to scenario 1.
Best case, scenario 3: 900k + 15mil = 16mil = a year of operation, potentially 18 months going on last year's spending.
Any thoughts on Huayou and the 186mil options they hold... exercisable at 10c in April 2019 ?