Windflow's liquidity at stake

Last updated 09:24 07/03/2013
WTL 0.071 0.00 0.00%
WTL

Click for a detailed chart

Relevant offers

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.

Ad Feedback

- BusinessDay.co.nz

Special offers
Opinion poll

How should the council plug its financial black hole?

Increase rates

Ask the Government for more money

Cut spending on roads

Cut spending on community facilities eg pools

Cut spending on capital projects eg cycleways

Sell, or partially sell, assets

All of the above

None of the above

Vote Result

Related story: Council coffers fall short for rebuild funding

Featured Promotions

Sponsored Content