Post by
CarbonWarrior on Dec 13, 2017 10:00pm
Financing last week vs. Today
Proposed vs. Concluded Last week market freak out. Financing was not a sure success as it was proposed. Today we know that at least 1.5 million is going to be raised. I think cst will get 2.5 million by next week.
Comment by
JoeMess on Dec 13, 2017 10:21pm
Along with that 2.5M will be warrants to allow the purchase of 8333 x 2500 shares of CST, and 8% interest. Forgetting the interest, the warrant exercise will add 20,832,500 shares to the number of issued shares. WOw - that is great news carbon warrior!! ---NOT! ---- Though it is better than bankruptcy. Hopefully they will be able to raise at least 400K for Mr. Prices salary.
Comment by
CarbonWarrior on Dec 13, 2017 10:40pm
Yup its better than bankruptcy. Cst is now funded until mid 2019, long enough to get vcq pushed until the end. Yupp it s good.
Comment by
M101 on Dec 14, 2017 1:26pm
I think it´s a little better than a straight share plus warrant deal. First because the company retains the option to convert after one year, and second because we shouldn´t see any shares being dumped after 4 months. But I´m a bit confused about the holder´s rights regarding the 3 year maturity.