BLV blossomvale holdings ltd

Page 26"The continuing support of the Company�fs financier, NAB,...

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    Page 26

    "The continuing support of the Company�fs financier, NAB, is conditional on the
    minimum amount being raised. While shareholders will be refunded their application monies in full (without interest) in circumstances where
    the minimum amount is not raised, the Company may be in breach of the conditions of its banking facilities and the Vendor Agreements and
    may not have sufficient working capital to support its continued operations. Were that to occur, the vendors may take action against the
    Company for breach of contract, the Company�fs lenders may enforce their security over the Company or its assets and the Company may
    become an externally�]administered body corporate. In such circumstances, existing Shareholders would be at risk of the loss of some or all of
    the value of their current investment in the Company.
    "

    Does this mean that if a shareholder subscribes to the offer and the minimum is not raised you could lose you money plus existing shares?
 
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Currently unlisted public company.

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