I can't believe they are burning through $4m every 6 months - that's a staggering number. I'd be happy to hear they still have $8m in cash from loan but would not be shocked to hear this figure is overstated significantly. I will continue to hold out hope there is a deal that can be announced prior to lifting the suspension.
To further clutch at straws - if they were delaying announcing a deal to allow connected parties from benefitting from said deal, their hand will be forced to announce it
The best of doomsdayers didn't even predict something this serious!
Only thing that will save this company is a positive announcement during the suspension - however long that will be!
And I thought the way they handled information about the original case was bad - this is beyond understanding!
The Boards duty to shareholders is replaced by a duty to debtors when the financial position of a company is not certain. It's ambiguous when that actually is but I would say we are there, or have been there for some time.
Any chance PVR rose from the dead over the weekend?
Anyone any idea how much cash PVR have left from loan facility?
We can only hope it is the latter - volume would currently indicate not, but maybe nobody is selling