Having a look at the numbers....
From latest 4C
31st March 2018
Bank Balance = $48k
Outgoings for next Qtr (Apr-Jun18) = ~ $450k
From the Ann 11th April
https://www.asx.com.au/asxpdf/20180411/pdf/43t48q3cn7s1fk.pdf
Regency $1.2m in cash + addition $0.8m draw down facility.
From the Ann 16th April
https://www.asx.com.au/asxpdf/20180417/pdf/43t893w1tr8xyc.pdf
Alignment statuary demands totalling $354k
My assumptions....
- TKF will have to pay the statuary demand $354k
- Legal costs would probably go to ~$30k
- Low revenue predicted for the qtr as management will be distracted with legal and then trying to source more funding.
- Estimate revenue of ~$100-$150k for the qtr
- Shareholders call for meeting to replace directors
- Directors would be wise not to use the extra draw down facility
- Cash at 30th June ~400k.
- TKF unable to source further funding
- ASX put TKF into another trading hold.
- Forums
- ASX - By Stock
- Ann: Suspension from Official Quotation
Having a look at the numbers.... From latest 4C 31st March 2018...
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TKF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online