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We are not tied to ICI's financial state !? What ARE you talking...

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tin_shed_trader

1,645 Posts.

140

21/03/19

11:18

Post #: 37836227
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Originally posted by slivering ↑

big picture is important, but you glaze over important details and it can be the end of a good thing. ICI's half yearly report note 1h to the financials. there is a going concern issue flagged. overcoming it is subject to credit raising or securing finance. not only did they report a $0.5m net loss, their current liabilities are higher than their current assets.

you would hope they can raise new revenue quickly or some form of finance.

maybe EM1 can buy them out, or FFG can bail them out or someone else can buy them out and hopefully they honour agreement with EM1.

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We are not tied to ICI's financial state !? What ARE you talking about ?

We get access to their use base. THis is but one piece in what will be a red hot pie for EM1

Wait until the other pieces come out of the oven.

I am seeing another much larger ANNC in the very ST

Last edited by tin_shed_trader: 21/03/19

EM1 Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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