The consolidated pro forma balance sheet after the next Capital Raising shows that the company is existing on a loan, which if repaid, would leave no net worth.
With a value of nothing, why would anyone put up more money?
I was hoping that they had cleared their debts and might be worth a flutter for some sort of new activity, but not yet.
These short term debts have to be cleared to see if SUR can float by itself and take on a small new venture.
All very sad to see the demise of a good company from infighting and oil prices.
The people running the show now are good people trying desperately to salvage something from nothing.
The consolidated pro forma balance sheet after the next Capital...
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $1.713M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $10.50K | 2.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2679576 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 663661 | 1 |
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| Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
| PRM (ASX) Chart |