The whole covenant mondo saga, was enough to sour me. Just seems amateur management well out of their depth. Even with the new capital, paying the non budget shortfall of around 400 k (which it seems is going to occur from the limited information announced) I can't see it being long before cash is once again an issue.
Was a holder but recently out, so watching with interest how it ends up - Good luck to those still holding.
Cheers
TLU Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
