OTCPK:CFMSF - Post by User
Comment by
Alexspushkinon Mar 12, 2012 10:51pm
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Post# 19660673
RE: RE: 22 Million coming from ??
RE: RE: 22 Million coming from ?? This is what's raising my concern:
"According to Clifton's press release on June 17, 2011, the company technically still has access to a $22.5-million unsecured loan from Osisko, but Mr. Beardmore said Clifton will not take the loan. He also says Clifton is not searching for a new joint venture partner and will develop the project in house, which may explain recent departures. The company has about $15-million in its treasury, but that amount will only keep the company afloat until the end of next year when a $22-million payment is due. Mr. Beardmore says Clifton plans to raise money after it resumes trading."
From here:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:CFO-1912047&symbol=CFO&news_region=C