Page 8:
"As disclosed in the financial statements, we incurred losses of $2.8 million for the nine months ended March 31, 2017 and had cash outflows from operations of
$1.5 million. As at March 31, 2017 we had net current liabilities of $26.2 million. Our ability to continue as a going concern is dependent on the renegotiation of
our finance facilities and/or a partial or full monetization of our assets.
We have commenced refinancing discussions with our current lender and have also commenced discussion with an investment banker representing non-bank
financing. Based on our current financial position we may be required to accept terms less favorable than would otherwise be available to us."
c
SSN Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
