Sure, no problem. Also, I came up with an analogy, silly as it may seem, that might help others see why they wouldn't put out a press release for the Private Placement closing before the Debenture Amendment closing.
It goes a little something like this:
Let's say you are flying-in to a nearby airport and you need an Uber ride to pick you up, but you opted for the Premium Luxury Car Uber service, so you had to schedule it in advance, just to make sure the car will be near the airport when you arrive. So, now you have this Uber car waiting for you in the designated waiting area for ride service cars, which is about a three-minute drive from the Arrivals door where you want to be picked-up.
The Uber driver tells you that he has your Flight Schedule, so he knows when you are scheduled to land; he asks you to text him as soon as you arrive, so that he can make the quick drive over to the Arrivals area to get you. You agree to text him when you are ready, but you explain that, even though the flight is exactly on time, you still have to head over to the Baggage Claim to grab your luggage, and that you will text him as soon as you are ready to be picked up.
He reluctantly agrees, but still suggests you text him as soon as you arrive at the terminal so that he can start driving over.
Now, here's the part that relates to our current events going on with Spectra7, with relatable events shown in parentheses:
You've told the Uber driver that there are two things that must happen (PP and Debenture Amendment) before he can pick you up (Press Release stating closing of both), but the Uber Driver wants you to text him (put out a Press Release) as soon as you arrive (once PP closed). You tell him you must go to Baggage Claim first (Close the Debenture Amendment) and that you will then text him (Company shall issue further press release once the Debenture Amendment is finalized).
The Uber driver reluctantly agrees (still wants to hear about the PP closing separately) and suggests you still text him as soon as you arrive (still expects separate Press Release for PP closing, even though the Debenture Amendment has not yet been finalized). You end the call by saying that you'll see him soon, but you know you have already explained to him that this is a two-part event, both landing on time, and going to Baggage Claim, so you stick to your own plan of just waiting to text him after both of your events are done (PP closing and Debenture Amendment getting finalized).
So there we have it:
It would be Really strange to put out a press release once Half of the events have been finalized, only to have to put out another one once the other Half is done. That's why they very clearly stated "The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."
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