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clock Created with Sketch. 16/03/17
13:29
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Originally posted by Autosime
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It's now trading more 30% less than the spike so I think it's pretty safe at these levels. For me , the dissapointing part was the choice of lender . It was a new credit fund that had limits on that they could lend per company . The needed to increase the size of the fund to lend STL what they were after and they didn't get enough new money to get the funds realised. A combination of equity and debt may have been better and easier to secure. We were told other lenders had approached the company after the initial delays . If these guys are too remain credible I would expect another deal to be struck within a few weeks. Still believe company is significantly undervalued so happy to hold.
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Thanks for the bit of info
