I bet they would rather issue shares than pay cash.
Must be a bummer.
Issue over a billion shares for the remaining 45% of MCL
and you still have to pay $1.356m for the MCL c-notes.
With the odd $160k to Empire(no shares again),
that's about $1.5m gone out of the budget by June.
Recompliance,L1 and Empire will chew up over $2mil
Another 1.5 to $2m of running costs these two quarters.
That's close to $4m accounted for,before they start implementing their plans.
QBL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held