EAL 0.00% 4.7¢ e & a limited

The only light is supposedly wind towers. Would you give a...

  1. 190 Posts.
    The only light is supposedly wind towers. Would you give a contract to a company that is in dire straights? The facility from LIM Opportunistic Fund is loan shark rates. 20% pa plus call option to convert at 18c! They also didn't impair any PPE and goodwill only receivables. The operating cashflow looks horrendous. I don't see any light only darkness but as always DYOR. Good luck to those who want to take a punt.
 
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Currently unlisted public company.

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