RE: Twitter10 Jan 2019 11:20
Possative ...Bondholders will pay up as legally they have no choice , according to the letter exhibit one fron Rainmakers legal council .
Negatives 1) the placing details on MTMYs web site .2) warrantshares 10 % of intire shares inc placing shares ok 150% dearer than placing but what price will that be ? 3) we know one offer only covers Bond money and Rainmaker . ( is that inc money in bank ) . ...MTMYS web page Company web site .....The Company is seeking a fund raising of $13M on the London Stock Exchange
▪Key shareholders holding in the Company (~55%) commit, within the framework of a
comprehensive plan, to participate in a total of $10M out of the $13M expected fundraising
This fundraising will enable advancing a payment of between $1.5M-$4.5M promptly following with the completion of the funding and advancing a payment of between $6.5M- $9M to the bondholders by the end of 2019, provided the fund raising exceed $10M......Issuance of warrants to purchase up to 10% of the Company’s share capital, after the fundraising, for a period of 3 years at an exercise price of 150% of the share price of the fundraising. These warrants will replace the conversion mechanism.......Risk of losing Team Internet as the asset serving the debt