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Any views on the fact that they need to pay back their 5 million dollar debt to Macquarie bank by 31st Dec this year?Where will they get the money from in such a short period of time - I estimate that they have only half of this amount in their coffers at the moment. Macquarie bank is unlikley to extend the loan period.Aside from this immediate problem, today's announcement at least demonstrates a future for the company.
Any views on the fact that they need to pay back their 5 million dollar debt to Macquarie bank by 31st Dec this year?
Where will they get the money from in such a short period of time - I estimate that they have only half of this amount in their coffers at the moment. Macquarie bank is unlikley to extend the loan period.
Aside from this immediate problem, today's announcement at least demonstrates a future for the company.
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