1. the "terms" of the preff equity were not fully disclosed (ie that the preff holder had the option to change the asset it could receive c/flows from) in the original announc.
2. the chg in preff equity "rights" re conversion to equity in US subsidiary versus timelines in any refi.
3. the breach of covenants inside the debt against production assets (being used for other assets) - which is a material event ......does this mean debt is due and payable ?
4. the operations re fire / any chg in co2 prices and delivery / prod rates etc in actual operations
extremely poor .........
rgds
V_H
ELK Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
