RE:CIBT to raise $10 Million...Staghorn says, Not sure if this is good news or what. This money secures there plans for the foreseable future, the listing and bigger % of the projects, so securing this money i think is really good news.
What does 20-25% mean? This is what the investors can convert to, 20-25% above the avg share price before it closes, so basically they are going to convert the debenture at least 20% above where were trading, is that good news, well they obviously think the share price is also undervalued, and there putiing approx $10 million into it.
I don't see where it locks us in a range though.