Bringiton17 Apr 2014 10:36
Did you deliberately ignore the contents of the RNS 11/04????
UPDATE RE NEW CONVERTIBLE LOAN FACILITY
Receipt of Funds
Sunkar (AIM: SKR) announces that, further to the announcement released on 7 April 2014, the Company yesterday received USD 1.28 million from Sun Avenue Partners Corporation SAPC ("SAPC"), following the issue of 1,280,000 Convertible Loan Notes of USD 1 each to SAPC.
Following the receipt of funds from SAPC in London, Temir Service LLP ("Temir") has now made a total payment of USD 187,144 to ACB, returning the ACB Loan to good order and thereby removing the threat of default.
Far from going bust I believe.