As a long suffering CTO holder, I cannot wonder how long they can keep ahead of administation. Cash drop per Quarter is $1,597,000. $257,000 left in cash, $632,000 borrower repayment this quarter. If no finance is found soon the financier will bring court action as soon as it feels CTO is insolvent. A lot hinges on a financial backer in the next two months but at what price to shareholders?
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