Jack - trying to ! Debt has always been low. One would have thought in this day and age technical debt breaches would be met with pay a few more fees. From DEC they had $12m drawn on a $95m facility - so should still be lots of headroom. Roadshows were meant to start tomorrow one would expect (they meant to file today) - so if they taking a few days to sort this rubbish out then no surprise those canned for the time being. If it was that bad then wouldn't the Board have a few questions to answer ?? Or wouldn't they have put in admin already ? My money (been wrong before, and will be wrong again : caveat) is that it is Evil Downs yet again and their cash has been withheld for some reason. I have been attracted to this stock because of the Oil Field Services / Pipeline / technical work they have done well for years - beats me why they would want to build a drift anyway as that just civil work with lipstick on. If they survive go back to knitting of the great work they did historically please and learn from Evil Downs !
WDS Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
