GREY:NKRSF - Post by User
Post by
Babyboom51on Jan 23, 2018 8:15am
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Post# 27414103
Do not invest to much.....
Do not invest to much..... CHIEF EXECUTIVE OFFICER’S MESSAGE TO THE SHAREHOLDERS
We are continuing with our efforts to monetize the Company’s core assets for the benefit of all its stakeholders. While positive steps are being made and we remain hopeful, achieving successful conclusions to these efforts will be challenging due to market conditions in the industry and our ongoing legal disputes in India and Bangladesh.
The Company’s liquidity situation remains a critical concern. The Company has required certain consents from its senior lenders to fund its cash requirements over the past months and has received these required consents. We expect to require additional consents over the upcoming months. No assurance can be made that the Lenders will provide these consents in the future.
We remain committed to doing our best for the benefit of all stakeholders.