Ann: Quarterly Activities Report, page-83

Is it not the case that Skaaland operates to date and the doors stay open largely in the safety net of revenue from Tormin paying its bills? Which was one of teh reasons it could initially be taken on.
Not to forget also the several million dollars they got from selling LiCycle shares (that Caruso set up whilst there), which was done way too early and when if they had held on they would have made 20 million profit on that alone...but they were desperate for cash on the books so had to cash out early and way below the optimum price they could have achieved. That incoming cash certainly made that quarterly look acceptable, just, didnt it.

Have the encumbents similarly implemented any investment strategy that turns a 300k investment into millions within 2 years?
If it was not for that, then that quarterly indicates that they were to have been insolvent.

So if CER lodges the writ for contempt of court, and the new licenses are reminded, 2 x CER appeals are reinstated and the section 93 notices re-applied, then just out of interest, given how long thesis things often take to resolve in South Africa, where pray tell MarcusAurelius is the revenue going to be coming from that gives Skaaland the buffer that is the only reason it has survived to date?

I imagine in that scenario it would be impossible to raise funds. Who will pay the bills?

This is going to be Caruso's "Alan Bond/Kerry Packer Channel 9" moment.