Ann: Linc Energy Withdraws from Coal Sale Transaction, page-7

She is all over here boys. The Administrators will be called in within weeks. You cant be a micro cap and burn through over $3.0 million in shareholders funds on "administration" in 12 months and run at some $350k to $400k per month. The rights issue has been extended because there is simply no shareholder support for this mob. No capital raised equals no funds to keep the dream alive. Investors are tired of being skinned - and they are telling the company this by not subscribing the their rights issue. The cash balance 30 June was $600k and they only survived the cash burn this last quarter due to Linc propping them up for $300k over the past period. Bail while you can before she is closed down.