apologies, poor choice of words. Not front up, share placement.
Recover existing investments by putting in up to another $20 mill? I’m not sure that any modelling could show that as being a smart move.
the free ride comment comes as Atlas can choose to call in their existing loans right now and liquidate whatever “assets” CLI have due to their breaching of existing covenants.
CLI Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
