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2,913 Posts.
117
28/03/11
11:59
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Only $2M left 31st December.
They haven't really used their convertable notes.
Whats happenned with the banks $5M convertable note.
It was supposed to converted 28th Feb.
Many millions remain unpaid to suppliers for over 18 months.
I feel financial crunch time coming again.
They need more cash. Much more.
Wheres the money coming from to continue the workovers.
The Bank also required that milestones be met for continued support..
What are those milestones?
Are we on track to meet them?
What are the consequences of missing the Milestones?
Where is the news of the bank converting their convertable note or not?
Where are the New Directors?
Where is the Remuneration Committee?
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