RE: CLN20 Feb 2021 08:45
morning LF,ORLM and mel.thanks for your responses.appreciated. i don't think i can take it any further without sight of the actual documentation implementing the agreement,which I'm not going to get lol. im not bothered about the principle of the CLNs at all, as agree with LF that ,in effect,they are relatively small beer and what matters at the end of the day is commercial success. my only query was about the compensation provisions dealing with fall in s./p during what they call the pre admission period as its a bit frustrating that they have tried to explain them but have not done so clearly.obviously inserted at request of the lender to ensure they don't lose out if they seek to convert and s/p falls before admission,which is perfectly reasonable in principle in this type of arrangement.anyway bigger more important things coming up I'm sure.thanks again for replies.