the way I see it is that CXY now have access "at their...

the way I see it is that CXY now have access "at their discretion" to $10m at the VWAP of a period at the time of the draw down.

This therefore means we have access to the funds without a cap raising being done at a DISCOUNT.

Ya will not have the ability to take the stock when they see fit as the option is at our call.

I see this as a positive, in that CXY will be able to secure capital when required at the price at that time.

good move imo. Access to the new shares at today's prices in the future would have been a poor outcome, atleast Ya is now a financier but will have to "possibly" pay a higher price post ignition and more ticks in the boxes