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7.14% 3.0¢ condor energy limited

Yep got it today.Page 23-24 is interesting:Lent CIS 400kCIS...

  1. wenty
    3,567 Posts.
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    07/11/13
    18:53
    Post #: 12541673
    Yep got it today.

    Page 23-24 is interesting:

    Lent CIS 400k
    CIS allegedly breaches/defaults loan agreement
    Administrator appointed (costing us god knows how much)
    Risk that funds may not be recoverable
    Company plans to lend another 300k
    That 300k may not be recoverable

    ....??? Huh? If you ask me, that's like throwing a one hundred dollar bill into the fire, watching it burn, and then throwing another bill in to see if that bill will burn too!

    BKP Price at posting: 0.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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