RE: End of Q229 May 2020 14:08
.... I just hope all the potential outcomes & bases are covered in this because if the banks don't agree......... (& if I was them I'd have been seeking advice on the legal & any prior precedence over similar circumstances both on whether there is appropriate legal power or precedent to demote their creditor status by this court, who it could be appealed to if if ruled such & the cost of any appeal if it occurs, in the answer to those questions lies the banks possible next position/steps) ...... the 20% ownership is a vital & key stage in my opinion & we need to get there sooner rather than later, obviously only once we're certain ALL hurdles, requirements to proceed are covered & also for me hopefully before shipments start or further shipments are approved so soon...... at the moment we have no real monetisable interest in the project other than the bridging loan (which cost us PI's dear IMO ..... again!! .... what with the 'amended' CLN conversion but not least of all because that slimy shyster Gobbygas might have got his grubby little mitts in again!!) ..... however my concern would be & what I hope is covered is that if the project can be seen to move forward /fund itself without our (pittance in the scheme of the whole project) $2.5M &/or additional $3.5M .... we might find ourselves peering in from the outside with little more than a loan to them outstanding & no foreseeable method of hanging on without further significant damage/losses & dilution for the JV's to bear any fruit in 4, 5, 6 .... more years time... we've already sold everything at a loss other than EMH & MMS/MIO & there's limited funds there if the need becomes pressing.
It all rests on Amapa now & I feel we're almost at a make/break point ...... yes even more broken than this mob of a BoD have led us with the near 100% drop current drop from the highest high & current 94/95% drop from a shiny old penny as was .... not good but hey ho there are still those here who think the BoD have done well & achieved much !!!! Achieved much yes ....all of if in the wrong direction ...... to possibly this point...
Sign In
Follow the stocks
