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Rufrano is a good operator Raeban. It's not what I am saying.But...

  1. Coppertop137
    3,760 Posts.
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    26/03/09
    11:54
    Post #: 4946016
    Rufrano is a good operator Raeban. It's not what I am saying.

    But tell me:

    Do you think that issuing 14.9% equity to the lending syndicate in leiu of a few million in fees was fair, equitable and reasonable?

    Heck no. Why couldn't they just pay the few million in fees and then dilute holders to 75% instead of 90%?

    Well Raeban? Your thoughts?
    CER Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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