Did you read page 9 @thedoctor13? Some harsh truths in there. They stated "In order to continue as a going concern, the Consolidated Entity needs to raise additional funds. The directors acknowledge that the requirement to raise additional funding represents a material uncertainty which may cast significant doubt over the ability of the Consolidated Entity to continue as a going concern."
How will they raise funds yet again? The SP has gone south significantly so market sentiment is against them. They have little tangible assets to sell off. They're in a fairly weak place to negotiate from and time is against them as they are burning through cash and don't have a large reserve to sit on.
I wish them well but I don't think this has legs as a stand-alone entity any more.
Did you read page 9 @thedoctor13? Some harsh truths in there....
Add to My Watchlist
What is My Watchlist?