Now... A little speculation here. I imagine that the credit fund is expecting about 5% extra return from the call options. Why 5%? Well, they wouldn't care about an extra 1-2%... So no strong basis but a good estimate I reckon. Which implies that they have been convinced they could monetise their options at about $0.073. That's is our window on possible insider conversations. Totally speculating here but interesting nevertheless. I hope we find out soon who that fund is and what credibility they have.
Ann: Spenda secures $50m debt warehouse facility, page-102
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