I can understand why they submitted this late on a Friday night. This could be a train wreck. Instead of doing a CR they have had to borrow funds at 15% and now they will be forced to do a CR anyway. I'm still a fan of the technology but big doubts about management. Would not be surprised if they get forced into accepting a horrible deal just to keep the lights on.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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