How is that good news?
If CNL spend the money and has no way of repaying the loan AFL and Polo will just convert the debt to equity further diluting long suffering shareholders.
It was the actions of these two predatory companies that got CNL into the current mess in the first place.
Ann: June 2016 Quarterly Activities and Cashflow Report-CNL.AX, page-3
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Last
4.4¢ |
Change
-0.002(4.35%) |
Mkt cap ! $12.30M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.4¢ | $3.717K | 81.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 28741 | 1 |
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| Last trade - 14.24pm 04/06/2024 (20 minute delay) ? |
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Last
4.4¢ |
Change
-0.002 ( 7.32 %) |
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| Open | High | Low | Volume | ||
| 4.4¢ | 4.4¢ | 4.4¢ | 3134 | ||
| Last updated 14.24pm 04/06/2024 ? | |||||
| PHO (ASX) Chart |