EGR 0.00% 13.0¢ ecograf limited

ATO 1.86 Million Repayment

  1. 3,442 Posts.
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    I was just looking through the last quarterlies and I couldn't find an entry for the allocation for the repayment of the ATO breach for the research and development repayment?

    $1.86m is nothing to be sneezed at especially when KNL is trading at historic lows and this is just my opinion, KNL were struggling through the last raise and they do have pretty hefty admin bills to pay, a class leading 2.9 million pa just to have current management, wow. I just think the elephant in the room going forward is dilution.

    Just wondering what everyones thoughts are re, future possible large raisings to pay management and ATO, share price drop due to almost certain CR's in the near term as this will have to be addressed in the short term.

    How is the ATO going to be paid, there would be barely enough in the bank account right now to repay the debt.
 
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