##""Any accountants on this thread who can shed some light on...

##""Any accountants on this thread who can shed some light on this ?""##

Ask a Geo, I am sure that he can.....


Anyway, I can tell you that when a liability has become listed as a current liability, it will become due and payable on that due date.

It clearly shows that the company has no contractual rights to extend the loan and that, unless someone will change the rules, agreements, and rights, we will have to cough up.

They are clearly telling/warning us as follows:

##""Included in the negative working capital is $59.3 million due to MMC (Note 15 (c)) and this amount is not expected to be repaid within the next twelve months, ""##

With that they are telling us that they don't expect to be able to repay that amount of money as it will become due and payable.

Now, someone will have to be bale to pull a white rabbit out of his hat...................or else.



In the meantime the market has noticed it, and someone has started to offload.