Maybe this explains something Excerpt below from Aug 14th PR.
Perhaps anyone holding the stock would like to know the results of the review? I assume that since we are still around this review was positive but these guys are making it hard for the average shareholder. Pretty disappoting the lack of communication.
The Company’s credit facilities are subject to regular reviews by the Company’s Bank. The last such review was completed in May 2012 The next such review is scheduled for August 2012. There can be no assurance that the terms or limits of the credit facility will not change upon the completion of this review. In addition, at June 30, 2012 the Company was in breach of the working capital covenant provision of its Revolving Operating Demand Loan Facility for which a waiver is being sought. There is no certainty that a waiver will be granted by the Company’s bank for the breach or should the Company be in violation of the covenant in the future.