12% interest rates, 20% of kcn, sit at the table, don’t you think your offer is way outside the box. I would prefer company does stay outside of debt and do a CR, 1 for 5 @$1.00 will give them $44m and they can buy it back once it is operational.
Option two, sell some inventory with discount rate with future delivery date and get the cash.
But I would go with your opinion mate. You should change your view of business, at present it is showing you want everything.
Note: kcn might exploring different options which will only benefit to shareholders.
Demand for clarity on financing, page-25
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Last
$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2446 | 1 |
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