Windflow's liquidity at stake

20:24, Mar 06 2013

Windflow Technology has reported a loss of $1.88 million for the half-year to December 31, 2012, following a loss of $2.37m for the previous corresponding period.

The company said the going-concern assumption was contingent on the injection of enough funding to maintain liquidity until a capital raising on March 21.

A special meeting of shareholders will take place in Christchurch today to obtain shareholder approval for an extension of a loan from major shareholder David Iles.

The stock last traded at 18 cents a share.