Ok, they did have something in place but it fell over. So now they will go to their recent new board member and ask for more money - will he stump up? I am guessing that like us he will chase for a bit longer and so will loan them more money. If they could have gotten some money out of zeiss then surely they would have by now, so that option looks unlikely. Zeiss did seem pretty keen so I am surprised they have let the company go broke, but maybe they consider they will be able to pick something up from the ruins?
My uses is this is not the end but I think that if the loan is just enough to keep the doors open for another few months then it probably just delays the inevitable. I feel very let down by the board. It really does seem like we were continually told we were almost there and yet here we are broke and with no income or not enough to pay the bills.
"Uses" above is supposed to read "guess". F@"&zen phone and f@&$en optiscan.
OIL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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