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15/08/19
09:56
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Originally posted by OzJ
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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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Like I said and listen carefully the CEO will be coming down to Australia and Asia to talk to institutions.
Now it’s up to these institutions if they are willing to give sky space global $15 million