Out of interest and as a s/h...you being the financier is all good?
On a CR...what are the estimates of their funding needs... $50 million? At a VWAP of say 1.40 that would indicate something around 35 million more shares and on its # of shares - is that a prohibitive impact? What sort of dilution impact would that have and if that saves the financing costs of 12% -- isnt that part of the equation?
The other thing..it sems a bit bizarre... the company didnt even acknowledge not even with a No thank you
Demand for clarity on financing, page-18
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