RE:RE:WELPYes it would be nice to know what is going to happen...
Push out debt....
SDI downpayment...
Retructuring....
Raise....
Second SDI....
Other new business....
The congo approvals appear to be in place (as per the links provided by a poster on this board)...
For the record, 1.5m due tomorrow (23rd)...5.8m due the 24th...each with %25 interest.
If I recall correctly, the jan debt payment dates had passed and it took some time before an official press release announced those payments were pushed out to April...so its possible we hear nothing this week...and so we wait...
ctblizzard wrote: 7.3 million plus 25% interest due tomorrow. Most likely it will be rolled forward and worry is a bit less since they rolled the other debt forward. But if nothing happens deposit wise over the this week there should be a release regarding that.
Too many hurdles to jump through. No one expected this thing to be selling for less than it sold for with just an award and no executed contract. While people keep saying it is "de-risked" now there is a whole slew of other things hurdles to jump through. Down payment, start of contract, etc etc..
So what changed? Well leading up to the prior contract date months ago there was talk of a second SDI, numerous other smaller contracts , only one of which closed. Now we have this deal with a Russian company in Congo which has been close enough to close for 6 months and still no money and more debts coming due.
If the money comes through, the massive debt gets pushed out and it still does not move then that means there is something else going on like a private placement coming up or something. Even with all the buying most of the people here did and those who bought on the news and Gomes, this thing cant even manage to hold up.