SMN 0.80% 63.0¢ structural monitoring systems plc

Ann: Voluntary Suspension Update, page-2

  1. 144 Posts.
    lightbulb Created with Sketch. 18
    Another stuff-up by the company. So with a further delay due to a legal issue, the Directors are going to 'lend' the company $500,000 for cash flow to be reimbursed with shares from the rights issue. Consider their share payment as pre-paid.

    Seems like they have guaranteed themselves $500,000 in shares from the rights issue.

 
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