Ann: NTU Delay in Funding, page-7

I think they organize these "funding arrangements" through emails, "Mr Baulk you are eligible for $10m in funding, please reply with your bank account details and a small deposit and we will deposit the funds into your account at your earliest convenience"

Getting to the point where the board need to be investigated IMO!

Japanese are much better business partners, why keep trusting the Chinese?

Guess there is no alternative though, so there is that.

Also $5.5m expected cash outflow for Dec Q with only $4.5m on hand!!!!

$3.4m outflow for Sep Q production costs with $3.5 expected Dec Q would suggest one full Q of production has already taken place but not a single sale?

Not a single ton of ready for sale product? NOT ONE?

Are Lind bound to lend if requested with their deal?

This could be default any day now........

Auditors could not sign off on the accounts for this at the next report but to be honest it may not even be able to continue trading that long at present, yet they are talking installing $4m worth of equipment in the next Q?

Projected outflows of $5.5m make sense when $4m worth of equipment and $3.5m in production are forecast?

Don't doubt for a second this so called "sophisticated investor" isn't asking these questions!