Early you stated below
''The thing is, Qqqqqqq, being a trader, has no idea what is going on yet he appears to be very knowledgable. Unfortunately, all his facts are wrong and can not be substantiated or is reliant on immaterial or outdated sources.
According to him and his followers, CSD shouldn't be trading as it was meant to go insolvent by last year. Meanwhile CSD makes $33k free cashflow per day, which then goes to fund further development and grow the bank balance''
CSD has a projected positive cash flow for the June Quarter of $1.492m
$1.492/ 92 days in June Quarter = $ 16,217 not $33000 another out-dated misleading statement based on the previous quarter
Up to date and current as per announcements
CSD after MOU is finalised ???????? - will have
Capital structure upon completion of the Acquisition Event Shares issued to SPM Shares issued to SPII Cumulative Relevant interest
(SPII)1
Issue of Consideration Shares to SPM 580,000,000 (in escrow until Jan 2017 cost 5c)
Issue of Repayment Shares to SPII - 30,000,000 ( not in escrow cost 5c)
Shares issued upon conversion of Convertible Notes 165,000,000
Total shares on issue after all transactions completed 1,054,917,310 ( 79.50% majority holding Mr Tong )
Plus as per announcement various substantial liabilities and commitments
$2m to bank of China for Mr Tong loan
Employee liabilities
Excellent remuneration packages and bonuses to new controlling board
Responsibility for all costs on $10m working capital facility
All interest and costs on $16.5m convertible notes paid in arrears etc
CSD has stated several times in past year that they have been in advanced discussions for raising of cash for normal business activities and CAPEX for tin
DYOR as vested interests will not always disclosure the true picture
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