BMN 3.27% $3.47 bannerman energy ltd

up up & away today, page-10

  1. 4,582 Posts.
    AverageJoe...

    The $3m working capital is not an issue

    From the last announcement:-


    ..........."Under the terms of the Convertible Note (Note 8), the
    Company must at all times maintain a minimum
    working capital (net cash) balance of not less than
    $3,000,000.


    The Company has a temporary WAIVER (my caps) of
    this restriction currently in place."..................



    Cheers!
 
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