GREY:ADEXF - Post by User
Comment by
Brazzoon Aug 29, 2012 2:07pm
106 Views
Post# 20275358
RE: Negative Working Capital Position
RE: Negative Working Capital Position "Since June 30th, AXI has raised about $1.6 million (net). Most of this goes to pay Tetra Tech for the remaining feasibility study costs. So, the current position for AXI is dead broke again, waiting for the next debenture from XinXing to save them."
How do you know that there are still FS costs to be paid? What is the reason for the second debenture from XDIP if AXI is just burning money? Are the Chinese crazy?