TEK thorney technologies ltd

rights issue at 1cent share price at 2.4c, page-6

  1. 1,406 Posts.
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    bbloff,

    I realise new investors into ARW are fantastic.

    But Don't forget.

    The Government Grant.

    Referring to page 16 of the half yearly report dated March 09 it mentioned the $7.14 Million grant should be refunded if 44Mil litre P.A. Sales is not reached buy May 2010.

    I trust this is considered in the above output but if the $7.14Mil has to be repaid when would one considered ARW to be insolvent?

    I Realise the Liberal Government Changed the rules midstream etc but I do think Shareholders should have an update.

 
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