No news today either? Let's call it a morbid curiosity as i'm wondering whether DNA has been run over by the bandwagon and the scout who was tasked to report it instead took off with the loot....
Far from an expert re. the megabank covenant, but I was under the impression DNA was not to hold less than 10M cash during the term of the loan... yet reported far less since the last 4C - even if this was to be the last installment, I can't see that being an exception.
Is DNA in breach of: Megabank covenant? ASX compliance re. continuous disclosure? ASIC rules re. trading insolvent?
Slippery slope indeed... place your bets folks; - loan extension - Thai vendors stumping up the cash, perhaps the wait has been planned to let the SP dive so they can get more cheap shares? - a confidential takeover bid / sale of Aristo taking longer than planned? - an ASX aware - please explain dropping any day now - firesale
DNA Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
