You seem to put in a lot of effort in research and asking questions... However on this one your contradicting yourself a little with your post.
True they have no debt. But that's only due to the fact they couldn't roll over or raise any finance. Hence Newcastle fell over. Plus your hoping they gain enough waste water contracts so the banks start lending again. So old debt was bad and new debt will be good?
Company debt/cap raising etc is fine if it's for new projects/expansion for increase revenue.. But not for covering past debts, daily running of the company.
"companies are selling assets or raising capital by SPPs or placements to pay off debt"
Isn't that what INL did, sold assets (and the only real assets they had at all) as only way to pay off debt and now trying to raise capital again by another SPP.
I like the tech but they seem to be turning into another waste water treatment company although in survival mode. I hope they pull through for the shareholders and staff but cap raising at 1.5c with the overall details being vague, comes across as desperate.
If the banks are unwilling to lend, and they are having to go back to the shareholders one more time... Raises too many questions imho.
I know there is Dave and the Intec forum, and he does a top job with answering questions and trying to keep everyone informed. Infact I can't think of any other company that has an open forum. Wish more did.
But for lending/investing money. You need more then general interviews,promises and hopeful announcements.
Cheers, Kat.
SDV Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
