They do have a busy month or two , hopefully all goes as planned.
• the successful completion of the Pre-IPO placement for Wasabi New Energy Asia to raise in excess of $15,000,000 by 28 February 2014, with initial funds of approximately $10,000,000 required to be received by 30 November 2013;
• a loan to be received in October 2013 to a value of $1,500,000, repayable in March 2014;
• the exercise of options held by options holders to a minimum value of $3,000,000 (exercisable in March 2014);
• the sale of non-core investments held in listed entities by December 2013 at a total value higher than current market values, which have been disclosed in the statement of financial position at $5,989,415 (disclosed as $3,624,171 in other financial assets and $2,365,243 in assets classified as available for sale);
• a refinancing of $4 million of loan notes due for repayment in December 2013 such that the notes are not repayable before 30 September 2014; and • a reduction in operating cash outflows
