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tusho

120 Posts.

05/08/16

12:21

Post #: 18452957
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Originally posted by JCM8 ↑

"Although the Company has been successful in raising funds in the past, no absolute assurance can be given that the Company will be able to raise funds in the future. If the Company is unsuccessful in raising funds in the future, including the $6 million mentioned above, and there is no other viable alternative available to the Company at the time there is real doubt about whether the Company would be able to meet its ongoing obligations to creditors, working capital and project expenditure requirements. In such circumstances, the Company would be required to consider whether it is able to continue as a going concern."

the above is from the funding announcement dated 14th June 2016

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That was before the resolutions were passed giving the directors full power to raise further funds if needed...

KBL Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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