expected to be 30th Sept, but was extended to 30th Oct....so 1 more week
mgmt totally screwed this up IMO......investors are going to be extremely cautious in the next 2-3 weeks with US election, so putting a deadline in the middle of that was not smart.
plenty of companies took their opportunities when market confidence was high and credit markets were accommodating, but to get to 7-8 mths after suspensions & standstill agreement and then ask for a further extension just backs themselves into a further corner.
Board should go, mgmt should go........hopefully the banker and new investors (if there are any) insist on this before coming to any agreement
CLH Price at posting:
$1.09 Sentiment: Sell Disclosure: Held