Of course shareholders have to accept it. What options are there? PC has put us in a position of nearly trading insolvent. From quarterly June 2019 cash remaining was $351K with a project staff/corporate cost $500K for this quarter alone! No early works or dam building. The Credit card draw down from 9th July is to pay wages. So we have already gone down that path where the Chinese have us by the balls.
When we were scratching earlier for some church money on a cap raise every excuse was given from STM in the delays trying to take the money out of China. Oh yeah, our credit card facility was announced 9th July and 2 days later we had $300K deposited in the account. .
Happy to have you back Jack and thank you for keeping it real.
TON Price at posting:
4.4¢ Sentiment: None Disclosure: Held
