GREY:DRGDF - Post by User
Post by
justlikethaton Aug 19, 2008 7:23pm
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Post# 15395806
PLG today
PLG today I posted this over there to get a perspective. Wouldn't suprise me if PLG has been selling shares on the way down to cover the coming note
Take a look at this statement from the MD&A:
As at June 30, 2008, Pelangio had a working capital deficit of $488,581 compared to working capital of $4,314,325
at June 30, 2007. The working capital deficit arose from the issuance of the notes payable which mature in
November of 2008. The repayment of this debt will be effected by either the issuance of common shares or the sale
of a portion of the Detour shares.
I'm not trying to spook anyone but is it possible that they intend to sell some of those (or have) detour shares instead of raising capital to pay off the note?