Windflow's liquidity at stake

Last updated 09:24 07/03/2013
WTL 0.010 0.00 0.00%

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


Special offers
Opinion poll

Would you like to see the Heathcote River cleaned up?

Absolutely, why does the Avon River get all the attention?

Yes, but only if it doesn't cost ratepayers too much

No, industry needs somewhere to dispose its waste

Vote Result

Related story: Alasdair Cassels to beautify Heathcote River

Featured Promotions

Sponsored Content