ASX company M8 Sustainable has been placed into voluntary administration after being overwhelmed by growing debts and lack of cash flow into the business.
M8 Sustainable has secured the $10 million of convertible notes it needed to complete its Gingin facility and pay other debts after its $8 million minimum raising fell short earlier this week.
A recycling and waste management business led by Bob McKinnon and Tom Rudas has kicked off plans for a stock market listing, with the company hoping to “supercharge” its growth and turn recent loss
