Your correct if the current shareholders aren't diluted out in the future?
The problem is and will continue to be that Slipform are only giving 12month assurances not to demand payment!
Should they decide to demand payment on 02.10.2017 the only remedy is for EWC to issue a massive amount of shares that dilutes holders to virtually nil.
The question is will that be enough assurance for the big players that are required to rerate sp's?
I don't think so!
So Slipform's management charged with delivering these projects on time and haven't produced, have an effective anchore on the sp?
For what purpose?
One has to ask?
Ann: Resignation of Director - Mr. Kanad Virk-EWC.AX, page-4
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