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2.1¢ emperor energy limited

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Boz2112

1,021 Posts.

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13/04/15

20:32

Post #: 15080077
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Originally posted by bhutos ↑

The issue is that they really, really needed that placement. They allowed for the $450k in unpaid cash calls to be paid by 30th April, reinstatement of Lind at $100k/mo AND no less than $500k in a raising by 31st March.
According to the financials, in relation to these three items (lind funding+unpaid cash calls+placement) in their forecast "In the event that the consolidated entity is unsuccessful in the matters set out above, there is a material uncertainty whether the consolidated entity will continue as a going concern"

I suppose maybe they did get the unpaid cash calls and maybe they have a couple more months now up their sleeve for the placement?

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You know, that or they have decided to withhold/reduce there salary for a while. Has anyone called yet, tried last week no luck.

OBL Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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