Seems like you finally got one right and not for the better ! The bank didn’t work and they did need to head to option 2 which is just rosey isn’t it.
They have not announced that the bank deal has not worked out. It is taking longer than WKT can afford to wait.
It was better to wait and see than to just jump straight into a credit raise 2 months ago like Spid suggested. It’s not ideal but at least they have given option 1 every opportunity to succeed and may still happen.
Ann: Quarterly Activities Report, page-501
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