Re: Hmmmmmm
in response to
by
posted on
Jun 20, 2017 02:37PM
DND said:
"Ccompany now has longer term funding in place. That's a good thing. A few shares were given up, but most of the funds came through a loan. That all seems like a way to lessen dilution. "
SF - Long term funding? Is 5 months long term? And what new loan are you talking about?
DND
I believe SF is referring to the 117.6 million that the company originally disclosed with their San Diego slide presentation, which would translate to almost $50 million CDN in additional funding. Yes the company now claims this was a typo...."Oooops, how did I miss that, 117.6 was supposed to be 68.8, a simple slip of the fingers". If you believe that....My guess is that figure has some significance. If we find out about additional debt financing of anywhere close to $50 million CDN I'm calling an industry friend.