Loan question....15 Oct 2015 09:01
So, according to the RNS,, "The Company has agreed an extension to the short term £500,000 loan facility to 18 November 2015 in order for the proposed Acrux funding package to be executed. If Paragon repays the loan after the 14 October 2015 then it will issue the provider a further 3,571,428 detachable call warrants with a strike price of 7 pence per share..
As it's now 15 Oct, are we assuming PRG have defaulted on the loan and will now issue over 3.5 million shares, thoughts anyone???