Apologies, I may be misreading the announcement - is the announcement not confirmation that Atlas has heavily discounted preferential rights to the:-
- Existing 60m+ shares CLI have "ready for" issue
- Future 3 years of shares CLI can issue via dilution of stock
I don't see how this is "putting up" funds at all, IMO it is CLI giving Atlas an opportunity and CLI gaining recourse to "emergency cashflow funding".
Have I misinterpreted the announcement?
Apologies, I may be misreading the announcement - is the...
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