My take on the delay"ongoing consideration and review of the accounting presentation in respect of certain of the Company’s equity security holdings and the fair value assessment of certain convertible promissory notes and warrants held by the Company."
I'm thinking they are having difficulty assigning a FMV to the secured convertable promisory note of $34,5000,000 with KWG.
If the note converts to shares, at what price do they convert, and therefore, how many KWG shares would FNC hold?
FNC's current market cap amounts to the total value of the CIA shares, so currently the market is giving little to no consideration for that promisory note.
I'm interested if anyone has any further insight into this.