CRND11 Jan 2017 08:41
I bought in here yesterday following the RNS. it would be good to get some clarification on the Bergen situation . Just been doing some calculations and i think Bergen are out for now at least. The total amount for the convertible deal was USD 240,000 and they have drawn down the following thus far:
GBP41,400
GBP51,931
GBP101,769
This comes to a total GBP 195,099.84
or USD 237,297.66 at current rates. Allowing for some fluctuation in rate. Need confirmation from the CEO what the intentions are regarding Bergen going forward given the shareholder loan but if they can be removed then i can see a decent bounce here. GL