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McKhenry

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30/04/20

13:13

Post #: 44352234
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Originally posted by avinvest: ↑

My spin on what may have happened here this morning.
They tried to sneak through the 4c but underestimated the new section 8 in the 4c and failed to provide sufficienty convincing answers to the ASX to the questions below which then led to hectic phone calls and a the Trading Halt which if done by Monday will give them another lifeline and something to convince the ASX that they can survive another 2 quarters (as currently they answer was most likely something around 0.25 quarters in section 8.5 and hence the questions as follows:

If Item 8.5 is less than 2 quarters, please provide answers to the following questions:
1.Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
2.Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
3.Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

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Good points!

BUD Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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