SeaDragon's funding transaction unfair but positives outweigh negatives, say independent advisers

Thu, 19 Jul 2018

By Rebecca Howard July 20 (BusinessDesk) - SeaDragon's proposed funding transaction is not fair to non-associated shareholders but the positives outweigh the negatives given the position in the company is in, according to independent advisers Campbell MacPherson. "SeaDragon is currently cash constrained and requires an immediate injection of capital to fund operating losses and execute its business plan. In the event that funding is not secured it is highly likely that the directors will have no option but to place the company into recei...

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