Hey mate,
I do not think the loan will be repaid now and definitely not in shares.
I do not like how they spend the cash! Russell is starting next week so I want to hear something from him. I do not trust Pala and I do not see anything yet that would benefit the company.
Hottin sorry about the intrusion on this thread but as i am banned from the KAS thread i will answer your question here IMHO the reason the sp is being capped is so Pala can claim their $1,000,000 loan plus interest in script which will be another 100,000,000 cheap shares for them! We will see it happen before the end of year after they have burnt more cash on nothing. Also I told you about the $500,000 pay out to Wayne also when are they going to tell us the AGM is in Melbourne this year to try avoid a lynching of the Directors ! Feel free to answer me on the kas thread and I shall get this post moderated sorry only way I could answer your question.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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