If you read through the updates, management have specified they have security on key assets including PTF in the event the lent monies are not returned, actions can be taken to recover the funds.
Hopefully this doesn't eventuate.
The lent monies are just a minor hurdle for the time being. When management find an acquisition they will have no qualms raising with the vend if its in the right space. Management also conveyed to me that would be the ideal way of raising capital through an acquisition.
Spoken to management at length and they are confident the current cash is enough to sustain S3R until an acquisition is announced.
Our blockchain expert has been employed for sometime.. you would think management would have dis-engaged his services if a Blockchain Acquisition was not going to materialise.
- Forums
- ASX - By Stock
- S3r class action
If you read through the updates, management have specified they...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KTG (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
KTG (ASX) Chart |
Day chart unavailable