If the SPP doesn't go ahead, the whole deck of cards may well fall down. Which begs the question, just how 'binding' are those other funding commitments?
The company has to survive until the EGM in May, but even if all the proposals are passed, a lot of ducks need to line up to pull this company out of potential insolvency in the next few months.
The odds of a VA announcement must surely be rising by the day.
Management must be walking a razor thin line.
Ann: Additional Investors in Capital Placement, page-6
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