was loyyal auction yesterday???, page-18

I know the Hyaat people pretty well. The fact they let it die rather than keeping on funding it shows you what they think the value of the code actually is....nothing like the old valuation. This will cause RFN a nasty balance sheet problem and the accompanying ‘going concern issue’ that will come from a very large deficit. how they make that deficit up won’t be pretty.

P.S. Let me just say Hyaat are not the sort of company I would want to be a minority party with. They are hard nosed business people who had no problem sinking Loyyal once. How you think you can fund the ongoing cost for a 25% stake for such a big project simply makes no sense. They would be diluted out the back door by Hyaat on the first cap raise.