No underwriter for the spp is unusual or perhaps they couldnt find anyone.
Not much cash left in the bank when the quarterly comes out at the end of the month and I wonder if they managed to secure a loan for those office apartments they bought in sydney .
Will they survive without the spp fully taken up. sales last quarter of 44k are not going to increase dramatically to offset negative cashflow above 0.5m, may have to start issuing convertible notes (poison pill).
STI Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held