NOD 0.00% 0.0¢ nomad building solutions limited

turning up?, page-4

  1. 56 Posts.
    This bank delay situation only tells me the bank is very unhappy at a credit level and the account is likely in the hospital ward. In bank world this will mean tight monitoring and control with likely daily reporting to credit, typically cash sweeps and minimal (read 'no') chance of bank lines for growth. That's just how it is.
    So how does the business grow and fulfill these contracts and their working capital demands ... a discounted capital raising to secure the balance sheet. Have a look at the last comparative raisings for recapitallisation - the severe discounts they took and they still went down further post raising - should give a good indication of where this share price is going. A smart sell.
 
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Currently unlisted public company.

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