re: Ann: Bullseye Prospect Sale of 8% Working... Did you know about this sentia?--Somehow I don’t think so.
“As at 31 December 2008, the group has a net current asset deficiency of $4,637,832. The major contributor to the net current asset deficiency is the $3,000,000 convertible debt falling due in May 2009.”
Mark Freeman, also known on Hotcopper as cagedanimal had a US $5,000,000 line of credit available to GGP in the U.S.A.at 10% interest. Advances at the time of each drawdown required lender approval. However no draw down has occurred. He either did not seek approval or the lender saw them as too risky.
Marks resignation from GGP was no surprise...Did he jump or was he pushed?. Judging by his response to me…. Mark Freeman is not a fit person to be the CEO of an Australian listed company. (Quest Petroleum) His reputation is in tatters.
I would expect an announcement any day now of his resignation from Quest/ NEO as well.
And who is behind Daiwa?
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