Since it is not underwritten there are no guarantees the full...

Since it is not underwritten there are no guarantees the full amount sought will be raised - thus if only 4mill raised it will be insufficient to full repayment. If full amount is raised as sought, from the wording it is almost a given that the debt will not be totally cleared.

In previous CR's they always had 'plans' for growth etc but it seems never enough to live within one's means. Focus on growth, sure but this loan should have been more of a priority for extinguishing and if the business is heading into a major up revenue wise - then either renegotiate - surely better terms should be available with current status quo or seek a new bigger better termed loan elsewhere so as to pay out existing and further any expansion plans.

Small company, big dreams, large current debt still business improvements nothwithstanding and if CR is successful, SOI will be well over 2Billion. Did not see this coming - not now or at least not this way. Have a reasonable amount already thus will not participate.

As with your post, it may not be well received. It is what it is. In the event of a good follow up announcement - perhaps they can be more precise in their wording and if good perhaps sp may move upward.

Raising at 1.9c will also provide a barrier to upward sp movement as profit takers move in, should sp head above offer price - always happens. AIMHO