stronggg selll23 Dec 2019 01:59
When is the next cash call??? Usually 2 times /year
End of January/ February - check the history and in the Summer (June-August)....
Also we have to worry about this:
The Company's £4m CLN facility, initially issued on 19 June 2013, was further extended on 25 May 2018 with an annual coupon of 12% until 30 June 2019 and thereafter, if not paid down, an annual coupon of 15% until the final maturity date of 31 December 2019 with a conversion price of 25p per share. The current outstanding principal stands at £2.245m
Under the terms of the CLN extension, the conversion price on any unredeemed or unconverted CLN will be 15p per share until 30 September 2019, 12.5p per share from 1 October 2019 until 31 December 2019, and 10p per share from 1 January 2020 until the new maturity date of 30 June 2020. The annual coupon payable on any unredeemed or unconverted CLN amount will be 15% from 1 April 2019 until 30 June 2020. The terms have also been amended so that the Company may redeem the CLN holding in whole or in part at any time without restriction or penalty.