Hi Croc,
you are right progress is being made. You really have to wonder how much longer these works can continue with the company only having $2.4 mil in the bank.
Although the steel is coming, its unlike to arrive on site for 4-8 weeks. then we have the other question, why isnt WKT able to pay for the prefabricated steel? And what is the true level of funds WKT has in its accounts if they already need a line of credit?
can we assume Faro has died like all other funding options?
and Why hasnt BMCG come to the party with another US$10 of convertible equity.
BTW do you think they will convert their next round of equity at 8.5 cents per share?
lets hope WKT raise the much needed funds soon, we wouldnt want to see another heavily discounts CR when they run up debts to its contractors. Although it appears this has already starting.
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