Yep, I raised this issue with management around the time I asked for my last share registry. But i didn't get a response back. They need to be open and transparent.
Even this response is pretty sketchy and doesn't actually explain what the hold up is.
Logically it doesn't even make sense, they are now trying to spin it that they need the gas deal for finance. Which would mean the Tech project metrics don't stand up strong enough on their own. If that is the case when did things change and what's changed since the AFS.
What exactly do the banks / credit agencies require is it only the performance guarantees or what else and why is it costing Qpm $12.5mil a qtr.
A couple of months away from term sheets being ready and all of a sudden it's oh no actually it'll be another 8months?
Ann: Capital Raising Brings in Strategic Investor SMT, page-103
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