BLV 0.00% 1.6¢ blossomvale holdings ltd

BOD say "As of the date of this report, the bank has confirmed...

  1. 1,465 Posts.

    BOD say "As of the date of this report, the bank has confirmed its intention to agree to continue to extend the maturity date of this facility to allow for the completion of the refinancing. Based on discussions with (NAB), the Directors of the Group expect that the bank will either agree to provide longer term funding, or will provide the Group with a reasonable timeframe in which to refinance the business by way of a re-capitalisation".

    On that basis the auditors say "there is significant uncertainty whether the consolidated entity will continue as a going concern".

    Can't see it myself...

    TR
 
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Currently unlisted public company.

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