The announcement doesnt sound positive where it provided to indication its being extended for these companies to finalise the $20-22 mil required to complete the construction.
Is Canaccord Genuity and Brentridge Capital struggling to raise the extra $6mil required to reach the minimum amount required under the entitlement offer?
If this is the case and the company avoids being placed into administration, shareholders should be calling for the directors to be replaced, none of WKT's peers has struggled with securing funds from Canaccord.
I really hope no further discounts are required for investors to take part. The dilution shareholders have suffer to date is excessive.
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