wasn't today supposed to be the last day with no extensions possible? if so, how did it get extended? also, what should we expect this week as announced today - "As part of the extension, Straits and SCB are to agree to the indicative terms and conditions of the Refinancing Plan this week."
Does this mean that we can still get some significant news THIS week?
What do you all make of the last sentence
"Straits is also currently in discussions with a num ber of parties in respect of introducing a new funding source tomeet the Company’s ongoing requirements post restructure."
Interim financier until the bigger issue is resolved?
Well, the first sentence again started with "Straits is PLEASED...." hope that it means that they are pleased with the ongoing negotiations and not just with the fact that Straits is solvent for 3 more months and the management has an income stream coming in for the next 3 months....
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