Combine a SPP raising of say $350,000 and a mooted secured note issue of $1.2 million, there could be enough petrol in the tank to negotiate a satisfactory NZIRP agreement by the end of the 1st quarter 2016.
I don't like the idea of debt (particularly convertible notes). However, if it gets us over the line then it may be satisfactory (but there could be shareholder dilution if it is convertible at the present offer price).
Top 20 shareholders seem strangely quiet. Anyone else contributing?
APG Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
