XST 0.00% 0.9¢ xstate resources limited

Ann: Subscription Agreements - Partial Funds Remitted, page-238

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  1. 1,359 Posts.
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    Neither XST or REL have much cash .
    They both have very disillusioned share holders who would be reluctant to put up new equity .
    The assets they own are high risk and either non revenue producing or not yet cash flow positive .
    If they can raise loan funds I would be surprised .
    Where is the money coming from to buy these new acquisitions ?

    Imho the recovery from the legal action is the only hope for the SP .
    If it fails then legal action against the finance arrangers should be considered .
    I wish I could understand better what went on with the investors .
    It just does not seem to make any sense at all .
    gltah
 
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