RE:RE:RE:strong Q2 in-spite of lower production.... So I assume PEL is the listed corporate entity and papl the wholly owned operating company with all the production,storage,transport etc assets.
If I find anything else about those 18.6 million warrants like cashless exercise feature or earlier than 7 year trigger, I'll post it.
at first blush the % rate isn't usurious. 12 or 13% seems like getting off easy on the usd120 and usd30 Almost. The warrants are killer. The corp bridge of $20CDN at 18% for an 18 month term was what I was dreading for the whole piece. I'd grade the cfo a solid A, given the circumstances. A+ if the term was another 12 months of breathing room.
Thanks again