Vast18 Dec 2020 07:56
A Harry.
Good morning.
As annoying as this is again like many missed deadlines the approval process may take five days, after all this is a large amount of money and this isn’t a £5000 bank loan. Not being rude, just saying I guess there is a long process for something like this , add covid andbthenbleak outlookX even banks take longer.
But really isn’t the worry’ is this going through’
I sold a chunk last week ish and now like many have a big decision here.
1. Isnthis loan coming.
Well if it doesn’t arrive then is the 6m goingbto pay off atlas as much as poss leaving a much smaller facility and perhaps atlas will make less demands , who knows.
I am thinking this is the plan and thought itbwas the moment it was announced.
Yes the bank may have wanted this as part of the agreement but I imagine ap thought this was his way of saying that bank failed butbwe can work our way outbof debt ourselves now and over the year the revenue will prove this, then every decent bank will be queuing up to lend us money
B. Even though ap was given billions of shares would he know this would fall so badly thus losing hundreds of thousands in value.
So either this bank is just delayed , couple more days maybe or the 6m raised is ready for atlas. Mercuria has clearly said they will wait as sandy has pointed out so thisnis what I’m going with.
I would have preferred though if ap had somehow explained that he has a plan that will perhaps pay of atlas or at least have a plan ready to protect this company.
Now gb47, can’t wait for your early morning negative spin on whatbim saying so off you go.........
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