TAL talius group limited
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4th quarter activities report, page-10

  1. Lefevre
    10,081 Posts.
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    07/02/08
    16:39
    Post #: 3330637
    Hi Lassetter,

    The December 06 quarterly report states a US$20 million facility with US$6.4 million drawn. The March 07 quarterly states the same thing. The June 07 quarterly then says US$7.4 million with US$6 million drawn down. The limit was reduced in the June quarter with no mention of it to the marketplace.

    As you state the reduction of the limit is a material matter and severely hampers there growth ambitions. No explanation for it has been given.

    I have not rung the company. The report says amount available $7.4 million and then it says amount drawn $6.14 million.

    I am an unhappy convertible note holder but unfortunately I am stuck there until the end of June.
    AVD Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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