The March Quarterly confirms GPR has not stumped up the cash.
I do not think RIM's December announcement, of a $2.1M commitment from GPR, will fully materialise. It is time for a reality check and to stop insulting SH's with all of the porky pies.
GPR is defending litigation in the Victorian Supreme Court starting Monday. My understanding is, amongst other things, that they are attempting to evict the convicted fraudster Michael Giovinazzo from GPR. With new management instilled this will likely see all GPR purported commitments to RIM thrown out the window
What is the Board's plan B to raise capital? We only have enough cash for 1.38 quarters - or about 4 months!
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