I took the trouble to review the 3b Anns dating back to the first con note (4/12/09). And found it quite interesting. Intec have now drawn down US$1,000,000 but only owe US$264,927. Now according to the last 1/2 yearly La Jolla have 33,579,182 shares + 27,108,434 issued yesterday. Seems to me they can't exactly be accused of selling everythin down. Also noted about 27 mill shares also issued to "others" that don't appear on the last list. Without appearing to be a one eyed cheer squad evrything looks fine to me RE: La Holla.
Reply to N.Taylor. In my opinion there would of been no chance of a successful SP raising and what shares would of been taken up would also of been sold for a quick 10& profit. These notes at least guarantee managable funds to see them through to the end of the year by which time projects will be up and running and self sustaining operations achieved.
Reply to Mango. Sure GBG Vic min 1,000,000 ltrs possibly 3,000,000 ltrs if all of Vic included.But the Lingshan industrial park (just one park mind you) = up to 100,000 ltrs a day !!!!!
My opinion only. Short term pain for long time gain. And as always DYOR.
Cheers Tweaty2.
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