banter and General Discussion, page-8909

"it looks like the equity market door is rapidly closing on the company"

I think that door effectively closed some time ago, when the company resorted to debt funding which is now the albatross around its neck. Debt funding when you don't have the income to service the debt is just plain crazy.

Gone are the days when MSB and Bell Potter could easily rustle up $100m plus overnight on only a minor discount - the attempted December raise puts paid to that once and for all.

Only remaining chance is a partnership - and the track record of MSB in executing and maintaining partnerships is unfortunately abysmal!