RE: Who is covering the cost from 1st Jan25 Jun 2022 12:36
They can't get the loan until the deal completes. The problem they haven't explained is the deal is so poor they still don't have enough cash to run the business and so will need to raise further funds by a significant equity dilution. They are relying and hoping that if the deal completes the sp will boom and they can raise money at a higher sp with less dilution. However, as the deal is so poor the sp will not rise.. If they were getting $16m as a lump sum on completion, then it would be a different story.