NEO nuenco nl

The announcement says paying $5M USD for 50% of Surf and paying...

  1. bullsbears
    206 Posts.
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    20/06/06
    13:09
    Post #: 1630859
    The announcement says paying $5M USD for 50% of Surf and paying $2.5M USD cash.

    However the Application of funds raised from recent Share/Option offer was stated in Prospectus as $1.5M AUD SELH Gas & $1.3M AUD SELH Oil. Total to be raised was $4,348,818 AUD less costs of $317, 010 AUD

    $631,808 AUD for Development of other Cailfornia projects

    $631,808 AUD is a lot less than $2,500,000 USD

    So where has the cash come from???

    VOTE IT DOWN.. TELL KAIN NO!!!

    NEO Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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