TEK thorney technologies ltd

re: Ann: Biodiesel Export Program Update & Ne... I'm awaiting...

  1. 1,965 Posts.
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    re: Ann: Biodiesel Export Program Update & Ne... I'm awaiting some consistency on profits as well. I agree with Albuera (on the positive elements), but the working capital facility also bothers me somewhat - as it means the countless previous capital raisings (for working capital) haven't been enough. Never enough seems to be the trend, I guess on the bright side this avoids further capital dilution.

    I just shudder to think of the next capital raising to pay off $6m in short term debt. I guess I just don't trust management to be disciplined with spending and keep their finances in order, if they have an easy source of cash.
 
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