We've always had the funds to pay the creditors. Finran's $1.3M loan offer would have done that. Issue as far as PWC sees it (in theory) is the offer on the table from Finran till now doesn't keep the company trading solvent. Problem now is the $2M invoice from Arte. It means to show solvency you'd have to kick up bare minimum $5M and that is where the issue lies.
At least the above is how I understand it
Ann: Results of Meeting - EGM, page-360
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Mkt cap ! $4.669M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $6.802K | 2.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 32371953 | 0.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14481514 | 4 |
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