Extension, as expected. VA to follow but before that...
Alright, the points:
- Suspended until 27 Sept. Longer than expected but it's the end date. Interest was paid to Oct (five months) on the loan. I thought that went to mid-Oct but perhaps is until Oct 1. So money on the 27th or VA.
- A shareholders meeting will be announced in the next few days (I would guess next week for the week after) to approval a capital raising.
That's it.
Some wording changes to note:
* It's now financing arrangements. No mention of banks or investors.
* Directors will be announced after the finance raising. I guess they won't appoint anyone unless there's a need to. Or maybe no one will take it without money secure.
So I guess it's gonna be a gamble on a SI/retail market raise? If it is then I don't see why they bother. Just end the beast's suffering now.
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