From the Strategy Review announcement on 29/7:
Funding
• The Company is well advanced in negotiations with a number of established providers
who have offered debt or hybrid instruments to satisfy the near-term capital requirements
of the business. These requirements include the funds required to implement the proposed
business transformation initiatives referred to above.
• The Company is also in discussions to either replace or extend an existing $35 million debt
facility.
This announcement has been authorised for release to the ASX by the Board of Directors.
Seems like no one is at the wheel here.
To ballz this up and not lodge accounts and get suspended- a day that will go down in infamy.
Ann: Suspension from Official Quotation, page-55
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