Bonobo, I think your cynical view might be right. The main reason why companies extend timelines for cash raisings is that they are massively under subscribed. If its a compliance issue its normally stated. I have previously held QNL, albeit a small parcel and I bailed out when i first read of the Russian Gold deal...once again the $$'s required for the purchase were funds they dont have or probably wont ever get through 'normal' channels....My other cynical view is thats it a way for a major shareholder of QNL to get their hands on a big slice of MEY w/out having to pay a premium on the market...the worrying bit is how will they get their $20+m into QNL in the first place....
QNL Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
