GREY:DULMF - Post by User
Post by
yoda2on Jul 03, 2014 4:53pm
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Post# 22714517
Is this very bad news?
Is this very bad news?Before this annoucement DM was expected to receive a whopping sum of cash from Anto and then use some of this cash to fund DM's 40% of the large TMM capital costs and to have money to develop the DM's separate properties.
Now with this announcement DM will not receive a big whack of cash and will have to find funds to finance 60%(not 40%) of the capital costs of TMM.
DM does not have funds and seems to have demonstrated a poor ability to manage finances.
Without some outside angel money it appears that DM is getting closer to being on the ropes and very vulnerable.