Additionally, when you have a management that is guilty of breaching ring fencing of funds, the company that the management represents is not eligible for low interest normal corporate loan facilities. So to suggest this is a possibility in a public release documents is at best misleading. Managements that breach ring fences don't get funded or get funded at such extortionate rates with the contingency that management and board members replaced, as we have just seen by the latest funding effort, that a debtor in possession takeover in the future is all but assured. Equity is flushed.
ELK Price at posting:
2.2¢ Sentiment: Sell Disclosure: Not Held
