The consolidated pro forma balance sheet after the next Capital Raising shows that the company is existing on a loan, which if repaid, would leave no net worth.
With a value of nothing, why would anyone put up more money?
I was hoping that they had cleared their debts and might be worth a flutter for some sort of new activity, but not yet.
These short term debts have to be cleared to see if SUR can float by itself and take on a small new venture.
All very sad to see the demise of a good company from infighting and oil prices.
The people running the show now are good people trying desperately to salvage something from nothing.
SUR Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held
