Theydon'thaveanothercoupleweeks.Theyhaveuntil13Mayatthelatestorelsetherewillbea100%pullout.Iftheydon'tannouncetomorrowthentheydon'tgetthe90%retentiontheywerehopingfor,there'snoway.Theyonlyhaveenoughmoney,evenoperatingonthevapourstheyarenowrunningon,tolastuntiltheendofJune.Iftheydon'tretain90%oftheCRthentheyneedtodoanotherCRandthereisn'ttime.Orgetaloanwhichwon'thappen.Just checked it says withdrawal up until 5pm 16th May and nothing about 100% pull out or anything about 13th May. A capital raise can happen very quickly, they might even be working on it now, who knows, otherwise there is alternative finance which may not be a bank loan. I think alternative finance is someone partnering or solely investing - not really sure. I am pretty sure no directors tomorrow though.
Soitisdirectorstomorroworbust.I'mafraidthiswillnevercomeoutofVH.Bummer.I'mdisappointedbutthem'sthestakeswhenyougambleonthepennystocks.
I am sure they are working on finding a solution.
If they lose 50% on withdrawal that is enough to keep them going until they raise the rest. I can not find anything that says if less than 90% that everyone must withdraw.
- Forums
- ASX - By Stock
- SAS
- Friday the THIRD ?
Friday the THIRD ?, page-70
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SAS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online