RE: Prem26 Feb 2024 08:44
Ballymena
Yes, I can still see an EGM if CEO gets approval from Canmax.
Jag made a good point about dilution/Canmax.
Another reason for EGM is "headroom", The CEO has maxed out the credit card, not a good position to be in, no wiggleroom.
At the end of the day CEO has to raise funds, I would like George to pay the £6 million owed to Canmax, I would like the director's loan repaid, outstanding trade creditors cleared, and a sufficient lump to finance Zulu for the following 3 months.
This would fill a lot of potholes.
Acker