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24/04/14
10:23
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bob...what's so hard? either they have the money or not. Initial announcement said "FUNDING SECURED".
That was obviously not true so they lied to the ASX and shareholders.
Now they are trying to word the next announcement so to lessen the damage.
And holders still believe a $70m company with less than $2m in the bank can raise billions just like that.
Funds with billions do not invest just like that and most often it's debt funding, hence large corporations have corporate bonds.
There is hardly an ASX top 50 company that could raise billions in 100% equity.
But leave it to Gary Stokes to rewrite the history books, right? lol
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