Here are the highlights from the Annual Report that came out today!
•$7 million in outstanding short terms loans. One with an interest rate of 172% per annum and another at 89%!
•Another $4 million in trade payments due, most older than 60 days
•All GWR shares have been taken by creditors
•KR salary $443k
•CM salary $411k
•Loss for the year $15 million
•Book Value -$7 million
•Auditors cast significant doubt about the company’s ability to operate as a going concern
•Alliance funding is stated as conditional.
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annual report – highlights!
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