So this indicates they need shareholder approval for the partial sale of company that holds the Clark lease
With USD10m they might be able to pay off their loans, retain 37.5% share of Clark but will still have the court case hanging over their heads.
Amazingly there is still cash coming in, so perhaps the training business is not a lost cause although you have to wonder how they are running this with no cash (or access to cash) and still signing contracts and talking to clients.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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