Hi Sirrobbo, Here you go again trying to attack the man rather than comment on the specifics of the stock.
I gave Names a like and the only GA, But you have never been one to post honestly,
Names did raise some valid points about the VAT and when the first loan repayments are due with Gemcorp, Do you believe WKT should update the market on both of these aspects?
Let's look at when debts are due to be paid, as this is alarming,
WKT had debts payable in July of $1.1mil and $3.2mil payable before the end of September, ($4.45mil during the QTR)
Do we know if these were paid, or is this the reason why EY had major concerns about WKT's continuing to operate as a going concern?
Do you know what the debt of $4.3mil relates too? this is due for payment over the next 7 months?
And the $37mil that is shown will be Gemcorps loan.
WKT has current debts of $4.45mil and a VAT refund for $3.3mil. Plus they need to cover the OPEX of the plant, cover its directors fees and continue with its interest repayments. I personally cannot see the VAT refunding saving the company and if WKT is banking on Tax refunds to keep it operating you should all be concerned.
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