RE: It’s over I’m afraidToday 20:47
@ hxulcolrdoh.
I cannot help but agree.
The galling thing is that three of our largest shareholders appear to have conspired to put BMN into this position.
Orion - 5.4%. Renogotiated their lending facility so that first payment was due end of June.
SPR - 14.5%. One of their "investors" was not forthcoming with the funds expected in December and then January. SPR did provide an interest free loan, but only after an 11 day (i think) closure of Vanchem. Costing BMN more money.
Acacia - 4.5%. They have not handed over the agreed $3.5M and BMN are now seeking legal action. Why????
HOW can 3 of our largest holders let BMN get into this position? Apparently, they are all on our side. The only one who may get some credibility would be Orion, because of the renegotiated loan. But what will happen after June when they do not get their payment?
In my opinion, BMN will go bust. And what three entities do you think will be picking up the pieces?
And if SPR are fully supportive of all things BMN, why do they not provide another interest free loan, until the sale of Vanchem - 50% and Mokopane gets ratified?
I hope i'm wrong, but something does not stack up.