CAI 0.00% 11.5¢ calidus resources limited

the colt from old regret, page-31

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    Is the underwriter that celtic mob?
    the problem i see here is they really are selling bugger all units, and they continue reporting a loss.
    The company has very little cash left and 267,000 in liabilities but then 1,360,000 in interest bearing liabilities.
    Sort of surprised this is done on a going concern basis?
 
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