@andyclark
Yes bankruptcy could be here come the 7th of June if those resolutions are voted down & the company doesn't have a plan B up its sleeve to get the cash by alternative means.
However I strongly object to the manner in which the company is trying to do all this (I'd use other language, but it would be frowned upon these days given the sensitivities & political correctness & all that, it wouldn't be taken as a figure of speech).
You wonder why Tata/Opari with its reliance on Syntonic technologies didn't think it would be a wise move to participate in the last funding round to build up a stake in the company, to help protect its self going forward. I mean $2 or 3 Million to Tata is like small change.
If they can't actually answer hard yet straight forward questions honestly surrounding the sustainability of the company going forward, there comes a point when you need to start asking if your throwing good money after bad.
There is a total disconnect between the directors & shareholders.
They don't seem to believe there accountable for there actions/inactions.
Tell me the last time they acted in the interests of the long term shareholders ?
If they feel incapable of actually speaking/discussing the company on the telephone with concerned shareholders or potential investors then what hope do we have ?
LOTM