I have stayed quiet and tried to give it a chance so it can survive but not so quiet as not to make people aware of the issues that have been the same for years until the current cash crisis.
45 sets is up to $600k theoretically and they may have some on the shelf to immediately supply but unlikely to have all in stock ? Did tehy discount it to get it away and support the issue? SAShasent em a letter as they are getting more strict on details in announcements on who counterparty is etc
I hope it works out for all holders.
I can't see it being a smooth road and i hope they raised enough to keep liquid so they have a chance and don't have to go completely vulture finance. Shame to see what I thought is good aussie technology get held back by poor management implementation for so long
There is a strategy to buy at .001 and it either goes to zero or you double ya money but doing on any scale is not easy and unless they have cashflow , further financing and confirmed orders in 90 days it won't be pretty.
Lets see how the issue went? Should be announced today ?
