Alpha

50 days ago

Georgina Energy repays debt, we only now discover was overdue, with part of recent fundraise

So much for it raising growth capital!

828 days ago

Vast Resources kicks the debt can again, all it needs is for Zimbabwe to respect the rule of law and all will be well!

Here we go again. Vast Resources (VAST) a company where 99.99% of shareholder value has been destroyed was due to repay $8.4 million to two death spiral providers, Alpha & Mercuria, last May. But being a cash consumptive company with no money whatsoever that was going to be hard. If you owe the bank £1 you are in trouble. If you owe the bank $8.4 million the banks, or in this case death spiral providers, are in the merde.