Let’s just hope CYM are legit and they’ve already got enough commitments to raise the funds. You would have to think MLX/their advisors (Cannacord/Hartleys) have already checked this.
If the article is accurate it will mean $24m in the door with a further $36m as a convertible note (effectively debt lent to CYM that can be converted to stock in CYM at some price).
The funds should allow MLX’s debt to disappear $24m + $5m collected from EMR/Gun Powder +$2m out of cash reserves. Having the balance sheet sorted and the C&M costs disappear will be a complete game changer here.. just got to hope it all goes through ok.
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40.0¢ |
Change
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Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 39.3¢ | $396.4K | 997.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 152500 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 134887 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.395 |
5 | 296923 | 0.390 |
2 | 200000 | 0.385 |
4 | 309150 | 0.380 |
8 | 388465 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 104887 | 2 |
0.410 | 55495 | 3 |
0.415 | 70000 | 2 |
0.420 | 225000 | 2 |
0.430 | 50268 | 3 |
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