Ann: 30 September 2017 Quarterly Report, page-37

Nowhere Man I refer to my previous post:
https://hotcopper.com.au/threads/an...terly-report.3791397/page-19?post_id=28757264

I see it thus:
GEM didn't have the funds for the Geko project.
CML still don't have the funds for the Geko project.
CML have gone for an IPO and capital raising to get those funds. (why the name change I wonder?)
If CML's IPO fails it's a disaster for CML.
CML will say whatever it takes to get the IPO over the line.
Once the IPO cash is in the bank all the gory details of this dispute (if there are any) can them come out.

I wouldn't take everything CML say as gospel at this point in time due to the pressures of a successful IPO. Spin has its uses.

CML's future likely depends on that IPO.
BNR's future does not rely on the Geko deal (plenty of cash in the bank still).

The Mole raises some good points.
I'll watch with interest.
Please keep us updated Nowhere Man, I appreciate the information, as I'm sure the other BNR holders do too.

Edit: also I'm not sure why everyone has started talking like pirates...I'll not join in if you don't mind