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BNO - Good Profits Ahead, page-16

  1. markslev
    5 Posts.
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    04/10/18
    08:17
    Post #: 35987382
    Gents

    Not sure if anyone noticed, but the business is now in a Safe Harbour environment. This means that directors cannot be held liable for insolvent trading - is very similar to a Chapter 11. Very significant in the context of the liquidity, CR questions that are being raised.

    Question to the directors - Safe Harbour was established at exactly the time of the announcement re: BCN210. Did you know that the results were going to be unsatisfactory beforehand, and hence went into Safe Harbour?


    BNO Price at posting: 17.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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