Reading the announcement I note the following text;
"The event at the Jiangsu Plant, however, has placed a significant burden on our working capital position, and we now require an injection of new equity during this production ramp-up phase," Mr Readhead said.
Please tell me Iggy when I emailed you in January why you didnt answer my question.... so what happened to Business Interruption Insurance???? your running a Global manufacturing business surely someone with your experience would have the right management and necessary advice through Insurance brokers to provide advice in this instance. Who is your CFO??? what do they do??..will you make them accountable for this oversight!!
YES..Im venting!!!
GXY Price at posting:
7.8¢ Sentiment: Sell Disclosure: Held