http://www.gippslandltd.com/announcements/documents/ASX%20App5b%20Oct%20-%20Dec%202008.pdf
"* Directors of the Company HAVE PROVIDED loans to the sum of $300,000 during the quarter. These loans are
unsecured and interest free, are in full compliance with the Corporations Act 2001 and ASX Limited Listing Rules
and are repayable by the company upon the future raising of sufficient capital."
It appears this amount went in and then out in the qtr according to the report.
This is the bit that doesnt make sense.
Why in Gods name would they loan the company this much moola without being very confident it would happen.
Still got that stick up my date btw!
I also find it hard to understand how they could burn $400K(cash on hand at end of 08) in a few months given they were taking action to reduce spending.
I guess we'll see some clarification come the financials,this week with any luck.
one must wonder, page-2
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SP8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.054M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $2.047K | 292.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4279016 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 523176 | 5 |
View Market Depth
| Last trade - 12.25pm 12/07/2024 (20 minute delay) ? |
| SP8 (ASX) Chart |