The company finally admits it needs $22.5M. I told you they would need about $20M.

"I expect the stock price will continue down until they secure a large amount of cash to finish the Orisi project. I think they will need about $20M."

As for the loan, you will not know if that comes through until the end of the year.

"The Company is aiming to have the debt package in place before the end of November 2008."

Cash Crunch
13-Aug-08 08:52 pm
By: originalfred66b
No wonder the stock price has been crashing. The company is now in a cash crunch. They have burned through the $33M they got when they did the reverse split.
I doubt they have even started running the new power lines. That will be very expensive, and there is no money to pay for it. I expect the stock price will continue down until they secure a large amount of cash to finish the Orisi project. I think they will need about $20M.