RE:Cunningham/GEM, AMK transaction. Money is availableCunninghsam has access to $210 million? Doesnt even need GEM facility? All that AMK needs to draw down $210 million instantaneously is to get a listing? No other factors determine how much Cunninghsam can draw down at any given time? If true, that is FANTASTIC NEWS! Good think Ive covere most of the short position I took out a week ago Friday in the 30s!!! Still, the way I read the NRs, it may not be so. We shall see. If Cunnighsam raises the $210 million it will be fantastic for ALL THE AMIGOS!!!!!
Has Cunninghsam paid the measley $300,000 "deposit". For some reason, they were given until Setp 30 to cough up the pocket change..................Im sure they will put it down by the 30th, maintains option value at the very least.
DYODD. BUt the market is discounting the deal by almost 50% price wise which implies a probabibiliy of around 20% that they think it will happen........
all imho
MrVerbatim9800 wrote: I just had a lengthy conversation with seniors involved in the GEM, Cunningham, AMK transaction. To put it simply; Cunningham can raise the capital via their own token sales within the timeframe specified in the definitive agreement. However, IF Cunningham requires the need to utilize the approved financing provided by GEM, they have access to the money immediately, at any time, for the full purchase of AMK. Yes Cunningham has to get listed and that is in progress.
Some other familiar names were brought and, prior litgation regarding defamation was mentioned as well.