CAI 0.00% 11.5¢ calidus resources limited

Ann: Proposed issue of securities - CAI, page-6

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  1. 445 Posts.
    lightbulb Created with Sketch. 73
    You should read the article again. The 5million shares was immediate. It was not part of the ........in addition .........

    which in my opinion effectively says " If CAI do not also lose money on this Joint Venture, CAI will accrue an additional Liability to pay Haoma 40% of the profits which will be calculated in the future and, of which, CAI cannot afford to pay"

    Perhaps they are tidying that up before the administrators are called in.
 
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