The interest has gone up from 5% to 5.5%.
And looks like they borrowed another $218k. Was the company insolvent already???
How many batteries can you purchase from the MOU partner with $28k???
Won't be able to meet the annual costs of keeping the Graphite lease too.
With $28k left, it wouldn't be able to pay rent for the next quarter.
Or annual fees to be registered as a Public Company.
This company is gone.
Ann: 3rd Quarter Report & Appendix 5B, page-3
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