ASV 4.55% 2.3¢ asset vision co ltd

could do alright tomorra, page-2

  1. 243 Posts.
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    not after this

    The amount of money and the consequences of not receiving it as planned has a material affect
    on the cash position of the company.


    OUTSTANDING DEBT
    GLOBAL TECHNOLOGY INVESTMENTS LIMITED
    The Directors of Argus Solutions Limited advise that a debt of $250,000 owed to it by Global
    Technology Investments Limited, a Hong Kong registered company, which was due on or before
    the 30th June 2007 was not paid.
    This money was due as a part of the placement approved by members at an EGM held on
    Tuesday 13th March 2007.
    The amount of money and the consequences of not receiving it as planned has a material affect
    on the cash position of the company.
    The rest of the proceeds from the placement ($700,000) were received before the EGM and held
    in escrow pending the approval of members at the EGM.
    Legal action is being taken to ensure that the funds are received.
 
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