Any con-note that is used is usually a last resort to keep the company alive, many many examples on the ASX and most have hit the wall or going in that direction.....
AUL is the exception IMHO....
Yes using Magna right now is a necessity and management have used every cent to make the company turn into a viable operation and SOON Magna will be thanked for their services and a new funding package will be put together that tells the market that those days of death spiral are now long behind us.
Funding and plant results soon to be ann'ed.......
Exciting times for all
Good luck to all from the ultimate up-ramper...lol
AUL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held