If the Loan Notes are secured by, among other things, CLI's crop,then is it possible that the lender may be insisting on the total proceeds of biomass
sales until the loan is paid off in full which has driven CLI to need additional finance?
My understanding of the convertable notes was that the 6c convertion price would hold unless CLI did a CR at a lower rate in which case the
original notes would be convertable at 10% lower than any subsequent CR share price.
I also understood that the finance deal involved repayment at a rate of about $48 K/month starting Nov 2019.
Ann: Voluntary Suspension Update, page-69
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