RE: NAU: Financing Invite
Thanks again for the info. Its very difficult to understand the google translation on the swedish boards.
THe info presented to the media by Mr. Antonsson seem to contradict what the CEO is saying in Canada. In the interview on BNN Anders stated 500 million " not all of which is equity" . To an English speaker this means, most but not all is equity. Which is what the market reacted to over the last two sessions by dropping 10%. Certianly it would have been a better idea to play down the amount needed ie $400 million rather than $500 million and indicate that it could be all loans. He failed to do this why I dont know.
So whos telling the true story. Management is great at saying its all in the bag everybody just relax but there is a big difference between the loans completed and a massive diluting equity offering. The management recieving a nice juicy salaries/options can relax but it us shareholders that will get slaughtered.