Windflow's liquidity at stake

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

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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.

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- BusinessDay.co.nz

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