GREY:CHALF - Post by User
Post by
DeeperValueon Sep 05, 2017 8:24am
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Post# 26655219
Closing of bridge loan and conversion of debentures
Closing of bridge loan and conversion of debentures Bridge loan completed and debentures converted at .21. Not the .28 but what can you expect at at a current prices... Directors contributed personal cash to funding.
Personally i I don't think there is a risk of bankruptcy. I suspect the directors and others who put the previous $35 m through have deep pockets for more private placement. With CFP on the horizon, they're going to ensure this ship makes it to calm waters without diluting the upside unacceptably.