8th aug close tipping comp, page-7

The offer is closed to many potential investors due to the suspension which doesn't help.

Timing for a CR is simply awful.

Capital markets are harsh already and they are asking for cash with the backdrop of poor performance, running the company as a charity (losing money) and no doubt, just want additional cash to fund the company for the same mode of operation that landed us here in the first place!

What banker / investor wouldn't want to sign up!

Very interested in what the funds are specifically for and HOW they intend to turn the ship around.
My guess was a new CEO, vision and contracts. That didn't pan out!
More money unlikely to turn this company around.
Look at the sequence of brilliant decisions they've made thus far!
If these guys were short listed for one of my tenders, they now would likely be dismissed due to the risk of a going concern. Would you really want to award these guys a critical path contract?
Mav
(member of mushroom club, aka vdm shareholder)