Ann: EN1 Fireside Video Chat September 2019, page-24

So why would a CEO mention an unapproved debt facility at all?
Why not ann it if and when it happens? Think about it!

Audit delays, the issue is again not the auditor at all...its due to the CEO tweeting BS about some surprise Aug 30/31, lesson again not learnt about providing timelines prior to work being achieved or anns delivered.....do you see the pattern?

Talks up positive BS early on and gets stung...... yet is johnny come lately for any bad news?

Why the need to emphasise the "surprise" that never came or the "debt facility" that now hasn't come?
These 2 things (for example) all had commentary well before the date it was to eventuate....yet it wasn't until last week or so in December he mentions... oh sorry we don't have the funding so our FY revenue will be 30-40% less.

Salesman and not a very good one IMO.
probably has to come up with some elaborate way to upfront the publishers just to keep them hanging around...ever thought of that?

The debt facility is possibly more a necessity than anything else

The debt facility comes at "interest rates in the teens" his words, that's not cheap money where your potential revenue increase and return is unsubstantiated and unproven.