The announcement says TFA has agreed to loan additional funds to keep the company afloat - either this or their investment gets wiped out.
$100k in admin seems a lot for a company effectively in hibernation, maybe its the cost of some trips to China to sort out funding with FTA. If they can raise some cash then the company is better off being a shell for a backdoor listing for a new tech company to generate some value for shareholders.
LCG Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
