Further to my post on 20 January, can anyone explain in a logical manner (without emotional twaddle) why the Vendors & Directors did not fully support the 1 for 6 cash issue?
Why did The C.E.O. not participate?
How can the Vendors/Directors & The C.E.O. give a bullish outlook when they don't put their own money in?
How can they operate the company when they required $7.4 million dollars to undertake their plans but only got approximately $4 million?
Last financials showed they had approximately $4 million dollars cash left, (after the cash issue) but they owe the Bank approximately $2 million dollars. Won't the Bank be concerned?
Does this mean they are running out of cash again?
Why did the Vendors/Directors not fully participate in the cash issue?
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