Having a quick look, Solaris (SPCL) trades on the OTCQB, known as the pink slips. It's no NASDAQ.
Market cap ~ $13m and last at traded 7c.
The last set of financials from the OTC markets website (
http://www.otcmarkets.com/stock/SPCL/financials#) date back to June 2015, so it looks to me that they could be late with their filings, but in any case, as at June 2015 balance sheet they had $139k in the bank. Absolutely no idea how much cash they have now.
And what is the status of the refinancing to pay out the convertible note holders. Are they in default and what are the conversion terms in case of default? Ie how much of the company do the noteholders get in case of default?
I really think that MIG should update the ASX market to clear this all up.
