SMN structural monitoring systems plc

Ann: Update on Proposed Requisition, page-8

  1. 20,883 Posts.
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    Hi Gilant - I believe a couple of posters here who in recent dayys communicated with Drake direct reported back that Drake had not known about Ross Love coming on board when it filed its’ order and that it did not have an issue with Ross Love.

    I expect what was needling Drake and is needling many others is that SMN is due to run out of money very shortly and unless it gets a substantial funds injection in the near future it seems unlikely to be able to proceed with testing APB sensors according to Boeing requirements.

    Perhaps Drake was expecting Rouse and Mclarty to leave loans - which they made to SMN in the March quarter - in the company a bit longer rather than paying themselves back so promptly from the recent raise?

    cheers
    Last edited by sabine: 01/08/22
 
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