"As far as i am concerned there is only one immediate issue and that is funding. And apparently that has been resolved."
Resolved?
How?
By what arrangements?
Because the words "equity facility" were used?
Who is the counter-party?
How is this equity facility going to work?
How much capital will be required?
Over what time schedule?
What terms?
What pricing?
What facility expenses?
What underwriting fees, if any?
What dilution?
What consequences for minority shareholders?
Basically, the presentation said,
"Sorry, we are not going to tell you how much it is going to cost us, and we also aren't giving you any details about how we are going to finance it."
If that - in your world view - constitutes a resolution of this critical aspect of the business, then you live in a distinctly different world to mine.
MSB Price at posting:
$1.43 Sentiment: None Disclosure: Not Held
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