The line of credit would, I think, have to be with a bank in Australia and that's not where the money is coming from. The money has to be in Australia to be able to access it. Its not there yet
Excellent point ... only a few million would be needed initially ... and that should only take two days to do. jmo
I don't understand why everyone is talking about $50,000,000.00. He is trying to secure a "line of credit" for this amount. If he obtains it, then he would take draws as he needs it. Maybe right now he would only need 5 or 6 million. He would not take out $50 million. Something is not right with all of this talk back and forth.
Malcolm Bendall today announced that he received written notice of approval to provide him US$50 million for the purpose of providing financing to Empire
So, where did you noticed he's trying! In the latest pr is clearly stated he received written notice...
Yea really... I've noticed there are zero institution holdings on this stock. But, if you put all of the investors together here I think you could come up with a fair representation. And then we could have one!
How about we name it the Empire Institution of Wishful Energy Fund?
At the same time we can vote Malcolm as chairman of this new Fund/Institution of EIWEF for his knack of being able to BENDALL the ways of trying to get money w/o diluting our shares... Hear,Hear? G
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