TFL - please can you tell me where in the last 2 paragraphs states that LDP is doomed as you state? Please see paragraphs below:
"HM has previously relied on alternative sources of working capital finance to fund the gap between production and payment for the blocks and panels. These sources of financing have now expired and accordingly, Leed has agreed to contribute A$250,000 to a short term working capital facility along with two other Battalion loan noteholders, which will accrue interest at a rate of 12% per annum. The loan will be secured against trade receivables and stock held at the quarrying and processing site of HM."
"We will continue to update shareholders on a timely basis and your Board would like to thank you for your continued patience and support."
Why would Leed not provide funding to a company they are taking over? would you be more satisfied if LDP had funds in the bank and we paid an external party interest for funding?
If you can`t accept some people have a different view to yourself then maybe these chat boards are not for you ?? I don't want to see the company fail., why would anyone wish that...I am just pointing out the facts as they are, simple as that
Please explain how the company is struggling? is a business expanding called struggling? Please re-read the RNS, the cashflow situation is due timing of payment from customers - we've only just recently stated delivering the products and cash is tied up in stock and awaiting payment. In the real world you supply the goods and then get paid on agreed payment terms.
There is nothing in that rns that we didn't already know anyway.......just an affirmation of the last one that HM are struggling and the fraudulent activities haven't helped the situation.....it may mean they would get a lower price if they did decide to take over but then they would be taking over a company which seemingly is in difficulties, not very pretty at all ....makes me wonder if Leed with hindsight are regretting making the investment in HM, time will tell. Good luck all
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