Add the 2 million loan to RRS
15% rule via a standard CR would limit them to about 3 to 4 million.
Leaving a wide gap of at least 6mil.
Selling an asset is the only non-dilutionary course of action at this point.
There was the possibility of a discounted "rights issue" raised by Mr. Launda at the last meeting.
If they wait to be sued by "M" then expeect legal fees to mount up.
Who will be getting the fee's ?
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