RE:RE:RE:RE:RE:RE: Interim financial statements/report – FrenchThe antidote to imagination is information. It appears the company does not wish to be transparent about the failure to meet the loan conditions, which is not at all surprising considering the company's record. A reputable company would have issued a full news release on the day that they failed to meet the loan condition, whenever that was. This information is essential to any investor trying to assess the risk attached to investing in shares of any company. In the absence of full information, investors should assume that worst-case scenarios are a real possibility. Only the company itself can demonstrate otherwise, by disclosing enough information.
Also to correct the other poster's misinformation, RBX is not generating enough funds even to keep itself in business, let alone generating $50,000,000 a year. Hence they have to take out new loans every quarter, including this one, and not only for building a new mine. And if they fail to negotiate more loans to build the mine, they will be stuck with a big debt and no means to repay it. Taurus doesn't even have to call their bridge loan to force a bankruptcy - they only have to take their time thinking about a new loan. Will the bridge loan be the bridge to hell for RBX?