12 months before you will see any meaningful reduction in debt (...

12 months before you will see any meaningful reduction in debt ( The major CN loan is P & I which means payment of a majority of Interest ... not Principal ( original debt ) in the first 12 months of the 30 month loan . .. The Track Vendor loan is Interest only ) .. payments per month around $760k per month will continue until October when the Track Vendor loan is scheduled to end the Principal is due $7.29 mil .. the most important part of this is that they avoid paying too many installments in the larger loan to JCB in shares ( which they have stated they will most likely do ) ... that is at $1.058 mil per installment ( any chosen month ) at any stage of the 30 months ... and at a 10 % discount to vwap 1 day or 10 day calculation ... at present 13.5c ...

Early payment of the CN ... as some have suggested ....I bet will result in big penalties ... JCB are financiers that take on risk for a PRICE.

I like Lidsrud am watching this company ... burned like many with a buy in of 26c but .. that's life ... they look like they can pay their monthly debt bills ( which are now much bigger due to their CN ) .. now lets see if management can GROW this company ... that's the key .. GLTA