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Ann: Results of Meeting, page-17

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  1. 134 Posts.
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    Pramana is a private company capitalised at $2 with 2 recent unsatisfied court judgements for $200,000 against its sole director.
    As for the $150 mill, well given the above a debt facility for $150 dollars would surprise let alone any pie in the sky that the current board dreams up..

    I think that concentrating on paying the current debts of the company first would be more pressing than arranging a debt facility that would not stand upto economics anyway.

    Maybe the focus is on taking fees and commissions from a debt facility and the bigger the number the bigger the fee..

    IMO DYOR
 
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Currently unlisted public company.

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