bj82
Caps have not been supported in the past, I doubt we have 8 weeks of waiting time available to us to do one anyway, as Dave mentions money needed yesterday.
A big placement to the SIs around the traps if the loan is not forthcoming, lets say $ 5m x .01 issue 500,000,000 shares. Then we could all look forward to what I feel is inevitable either way we go with a the statement from many a company going like:
Compared to our peers and from a funding position we have too many shares on issue and a consolidation is in the company's best interest, yeah right, just able to issue more shares.
'Question is how much say is SPI having in all this?'
Which Company has the need, my suggestion is they may have us by the short & curlies
If this is SPII and or SPM having trouble arranging Settlement, what would we owe, if no Settlement surely the SPM operations are the cost carrier until Settlement. We still have a shareholder with a mill, plenty of $ tied up in us, start again with JV talks, but then again we would still need $$$$$$.
CSD Price at posting:
2.5¢ Sentiment: None Disclosure: Held
