It would seem ELM's commitment to supporting CTO does NOT extend to providing the funds as specified under the agreement.
Event/Tranche Dates
Execute Bond Subscription Agreement 8 April 2013 ....PASS
Tranche 1 - $3 million 16 April 2013 .................PASS
Shareholders meeting 8 July 2013......................PASS
Tranche 2 - $7 million Conditions Precedent date
+5 Business days..............................DELAYED PASS
Tranche 3 - $15 million 8 October 2013................FAILED
Tranche 4 - $15 million 8 January 2014................FAILED
Tranche 5 - $15 million 8 April 2014..................FAIL ?
Tranche 6 - $15 million 8 July 2014...................?????
Tranche 7 - $15 million 8 October 2014................?????
Tranche 8 - $15 million 8 January 2015................?????
funding
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
