Re: No money to audit the books. Cease trading next?
in response to
by
posted on
Mar 31, 2009 01:46PM
Producing Mines and "state-of-the-art" Mill
It is interesting. And a very bad sign and development, obviously.
A glimmer of hope is that Gary believes he will have the books audited by May 12th. Is this a clue that the financing deal is expected? Or there is a sale coming? If cashflow is so bad right now you cannot pay the auditors, then doesn't mentioning that the report will be ready my May 12th indicate that cash will be available by then to pay them?
On the other hand, it could be the last crumbs of optimism in the face of utter doom.
I expect we will see a cease-trading order before the market opens tomorrow.
Bluenoser