- Atlas has loaned CLI significant funds - CLI have leases, supply chain, staff and IP for a hemp farm for 2020 season
A "rational" business decision would be to continue lending to CLI to maintain liquidity for 2020. Atlas appear to have achieved this by securing what appears to be a very favourable share subscription deal (I paid 100% of market price for my 1m + shares, Atlas only need to pay 90% of the VWAP).
As a current shareholder vested in CLI, I'm very thankful for this deal and can only hope that CLI remain liquid and apply lessons learnt during 2019 providing success for their 2020 crop.
Again, egos aside - I'm extremely annoyed at this years failure, I don't understand why any holders would publicly downramp this deal.
CLI Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
