RE: TR1 Monday20 Oct 2024 17:44
RNs 11 Jan this year.
If enet are to continue vear in mind this debt is gone come December. Monthly running costs massively reduced and the gross margins on licensing has gone for the 60% range to the high 90% range. Yes that is gross margins in high90s.
If they pull finger out and deliver good news then it's as primed as primed can be.
Under the Settlement Proposal, valid creditors will be repaid in full over a period of 12 months, in four quarterly instalments, with the first payment being made within 90 days of exiting the TSP. Guaranteed and Priority Creditors would have priority for repayment, followed by General Creditors. According to the Company's financial registers, the total creditor balance subject to the Settlement Proposal is US$1.6 million.