Let's get this straight ...
The Company doesn't have the $400,000 that was previously announced.
It hasn't yet got the additional $1.2m from the new convertible notes announced last week - and remember that's more debt that it can't repay if it does actually arrive.
It does have $750k of existing convertible notes (plus $150k of interest - $900k in total) due for repayment or conversion on 30 June 2018 (only 3 months away) - or before then if the breaches are confirmed.
It doesn't have the revenue from from a non-existent contract - revenue that has been advised to the market - but the market isn't important enough to be advised of this.
It does have a CEO and Chairman that cares little for ASX listing rules (3.1), s588G of the Corps Law, or compliance with the company's share trading policy.
Please ASX - let the company resume trading so that I can sell my shares and get something back - albeit a pittance!
- Forums
- ASX - By Stock
- Ann: Alleged breach of Convertible Notes
Let's get this straight ... The Company doesn't have the...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TKF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online