Only bad news amongst the good...
As per the last announcement from MIK....plenty of good news followed by this: "As previously reported, the loss for the six months ended 31 December 2001 amounted to approx $1.52mill. It is expected that the loss for the second six months will be between $1.1 & 1.3 mill, depending on income generated prior to June 30. The loss for the year to date has been funded from cash and other current assets. However, with an estimated cost of operations of approx $180k, it is unlikely that MIKOH will be able to fund its obligations beyond 31 July 2002. Accordingly, the Directors intend to undertake a furhter capital raising to assist in funding its operations." People shy away from this sort of stuff... OT
MIK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
