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Cequence Energy Ltd Common CEQXF

Energy Oil & Gas E&P


GREY:CEQXF - Post by User

Cequence Energy Ltd Common > Spoke to CFO Mr. Mowbray
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Comment by mike49on Apr 14, 2020 8:53pm
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Post# 30909820

RE:RE:RE:RE:RE:RE:RE:Spoke to CFO Mr. Mowbray

RE:RE:RE:RE:RE:RE:RE:Spoke to CFO Mr. MowbrayIf  cqe wants to provide renunciation (tax credit) to investor(s) then money from somewhere has to be spent on eligible expenses before deadline. Original funds from flo-thru aren't held in some kind of escrow, however pretty dangerous to use the monies for working cap,etc.
Complicated but basically the liability is recorded as due to investors of flo-thru unless renounced.
Cqe guidance this year in aif was for near zero spend.they say bank line reaffirmed but for how long and have they drawn on it now? Have to wait for q1 md&a. Personally, outside of simonette, I'd be worried about the jv partners.
Back in the day I was part of group that had to sue a best-left-unnamed outfit (the origin of my shite list btw) over a flo-thru issue.won for cash,settled for shares.argh all around.
Stay safe
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