The 250k was a sell at 15.125 - beware of payed rampers on LSE and iii - desparation time !
Larry has been very clever with the use of an outside analyst on the last presentation ; this allows Chariot to distance themselves from his calculations on Chariots cash postion - he has stated Chariot has US $22M at this time when really this figure is much less as US $22M is from June 30th - This figure also doesn't take into account bank Guarantees which stand at US$ 7.62M !! This money can be used but other securitys must be found to tkae it's place. It's hard to see how Larry can go into this drill without raising new capital as a failure would make any new placement a much harder task.
With G&A stated as US$5m it's more plausable the figure is nearer US19M if you then take away from the US$7.6M tied up in bank guarentees the figure of US $22M looks to be well off.
Is the balance at Chariot rally as good as is being touted - It states on the last presentation US $22M but this figure is well out of date as it is frm June