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10.0¢ armour energy limited

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617 Posts.

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10/07/23

09:01

Post #: 68700090
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Originally posted by kerada: ↑

Would be a bit worried if I was a shareholder. Last cap raising was to cover coupon and Principal payment due 29th June for secured notes and other corporate activities. Principal wasnt paid and they asked Trustee to release money from reserve account to cover coupon amount. Non payment of principal is a default under the note terms. I assume noteholders will be asked again for more time. They may decide to give up on all these promises about the future. Like to know where all the money raised has gone

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AJQ Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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