With SKG closing at 66c........Cornells get their $25000k worth of shares at 66c less 6%
Effectively now sets the share price at around 60c.
And a greater share dilution as more and more share need to be issued to satisfy the Cornell debt.
Its not looking good on a technical or fundamental basis.
The Russian Deal is weighing heavily on shareholders and whilst this is not a very liquid stock and share price moves can be erratic....the trend is worrying.
For those like Brad who paid 87c last week.....they are now down 25% on their investment.
I said it before SKG have put all their eggs in this Russian deal......if they fail to deliver....it will be a bloodbath!
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skg closes at 66c so cornells get a 6% discount to
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