Struggling Australian retailer Booktopia announced that it expects to remain in financial limbo until late July or beyond. After suspending trading of its stock in the middle of June while the company seeks new financing and/or credit as “necessary for the company’s continued financial viability,” the company has been extending its own deadline further and further out. Now, the company tells the Australian Stock Exchange, it does not expect to have news regarding “the additional funding it is seeking” until July 19. The only progress reported is that “due diligence has been undertaken by some of these parties [suppliers and […]
