If they already know the exact cashflow from Hythane Company (the only trading company in EDE's empire) why can't they release the quarterly cashflow statement for EDE?
The problem with highlighting good news (ie positive cashflow for Hythane) but hiding the full story, is that the market will rightly assume that what you're hiding is bad news.
With just $160K left at end-June, hidden "rest-of-company" cashflow and no chance (in my mind) of seeing any money for the UK gas assets (this quarter .... maybe ever?), I'm still calling a capital raising.
Would prefer to just have shares in Hythane Company and give away the rest of EDE ... and yes, I may well be throwing away the investment of the century in Nano-Carbon ...... but reckon I'd only be throwing away a pipe-dream that will suck up any positive Hythane cashflow for the foreseeable future.
GLTA.
Cashflow
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