How long will this last at their $3m/quarter burn rate? This kicks then can down the road another quarter or two, but these guys desperately need sales, or to cut costs.
They seem aware they can't issue new shares to fund their business so they've reverted to loans at sky high interest rates.
Bigger companies have folded during these market recessions and EDE is a real risk IMO. 2c by end of quarter. CR in July at 1.5c.
Ann: Eden Restructures Secured Debt Financing, page-28
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