NAL 0.00% 0.6¢ norwood abbey limited

Interesting state of affairs.NIM needs cash and doesnt have the...

  1. 370 Posts.
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    Interesting state of affairs.NIM needs cash and doesnt have the line of credit from Indus any more.NAL needs cash and the GEM facility finishes shortly,also the $350,000 converbible note is due any time and clearly will not convert at 3c.However the first of the Vaccine results should be out within 3 mths,along with results from Solvay.Looks like it could a race to the line ,will the results beat the need for finance or will some announcement on Eyecare be made before all.Either way still an amazing display of lost opportunity and lack of management ability.
 
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