This is very unlikely to be good news. The current sp will mean SCT won't be able to draw down on the current note as it is in breach of the conditions. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02255693-6A986629?access_token=83ff96335c2d45a094df02a206a39ff4
Even if SCT could continue drawing on this note, it matures in just over 6 months.
Now they have announced a new CEO - likely enforced by the noteholders - which requires another US$250K + of cash to fund. Where is this cash going to come from?
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Last
70.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.9K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| SCT (ASX) Chart |
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