The Board has an obligation to cease trading and inform the markets in events of insolvency.
JRV had around $16M cash at the end of July - Safe to say if a deal was not reached they would be insolvent. I will allow them until the US time zone in case there are any lose ends to tie with the Bond Holder. There will either be a further 1 week extention or an agreement to refi/restructure.
Have a good weekend folks.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| JRV (ASX) Chart |
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