The Chairman advises that because the Board ( Alexander ; himself and Birch) are fully confident of a turnaround in the companys fortune ( Which fortune cookie is he reading this time !)that they need a further bail out to pay out the last load of dud debentures .
The Chairmans script rationalizes the need for the loot due to a bunch of major companies either ordering or indicating their intention ( favourite tense for MSC fund raising - present conditional ) to order the green gooo which will result in wonderful cash flow due to the customer feedback - end of the non sequiter .
How many times has this line been played out before with all the defunct products. Note the by the way throw away that the SR circuit can basically be by passed with the magic green stuff and the ore variablity is not critical to this wonder deal. Vics even naturally hedged even though his dreamt up sales will be 40 % in USD . Never mind that the USD has tanked to the AUD Just a minor detail .And that his millions of bricks in the Aussie market in any case will only be a few percent of the future sales. Fixed costs at SR are still sky high as well as the transport .There and back . Next cookie ....
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