WAS 0.00% 0.4¢ wasabi energy limited

exceptionally high volume buying in the uk, page-23

  1. 16,487 Posts.
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    net assets per share of .0054 at 30 jun 13


    They do have a busy month or two , hopefully all goes as planned.


    • the successful completion of the Pre-IPO placement for Wasabi New Energy Asia to raise in excess of $15,000,000
    by 28 February 2014, with initial funds of approximately $10,000,000 required to be received by 30 November 2013;

    • a loan to be received in October 2013 to a value of $1,500,000, repayable in March 2014;

    • the exercise of options held by options holders to a minimum value of $3,000,000 (exercisable in March 2014);

    • the sale of non-core investments held in listed entities by December 2013 at a total value higher than current
    market values, which have been disclosed in the statement of financial position at $5,989,415 (disclosed as
    $3,624,171 in other financial assets and $2,365,243 in assets classified as available for sale);

    • a refinancing of $4 million of loan notes due for repayment in December 2013 such that the notes are not repayable before 30 September 2014;
    and
    • a reduction in operating cash outflows

    http://www.asx.com.au/asxpdf/20130930/pdf/42jqfz04d9f8km.pdf
 
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Currently unlisted public company.

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