Re: its very odd

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Re: its very odd

in response to

Re: its very odd

firstnation

posted on Apr 08, 2014 06:50PM

First nation,

At the recent AGM SLI asked the shareholders to approve a rollback so they could finance, as the current SP is under the5c minimum.

That was refused, so whilst the SP remains at this level, a financing cannot be done.

A possible motivation for surpressing the SP would be to force through a rollback so they can finace, so maybe an ultimatum will be forthoming, i.e.rollback or bankrupcy?