WGO 0.00% 35.5¢ warrego energy limited

Ann: Rights Issue Shortfall Notice, page-82

  1. 11,329 Posts.
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    They are almost certsnl insolvent. It’s just a matter of whether dc has enough faith in his options from here to keep the creditors from pulling the pin. The problem with raising a little cash trough the rights is that a creditor might want to make a a play to get that cash. If they pull the trigger on this now then all hopes of finding a partner go out the window. Hopefully dc is selling his bs well to keep the wolves calm.
 
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