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clock Created with Sketch. 03/02/20
17:32
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Originally posted by zebster
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Not sure what you're responding too, B, but I'll have a crack at clarifying.may constitute an extension of the existing CN (i.e. existing SH pre-approval stands), rather than a new CN which would require new SH pre-approval to exceed the 20% ownership limit. However, that level of detail and understanding is not relevant right now.very unlikely that POS will need to deplete precious cash to repay the CN debt upon maturity in Sept and that some form of debt rollover will most likely occur - either with BMM, or another lender. Precisely what shape that takes remains to be seen.
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Zeb,
(20min delay)