Ann: Q2 2020 Appendix 4C & Commentary, page-37

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Fatman8

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13/07/20

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Post #: 45836450
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Originally posted by Pecc: ↑

'My understanding of the credit EN1 had was it was to be used for Net Zero'Hope this helps... Reason for facility;

.General corporate and working capital purposes, including:-

advancing deployment of the Company’s NetZero publisherpayments product (a payment solution that aims to savepublishers on finance costs they currently pay to invoicefactoring partners) with the objective of attracting newpublishers and their buyers as clients;-
repaying a bridge loan recently issued by the Investor; and- general working capital.

I recon up or down ramping requires at least some research which isn't hard really especially the bagging of a stock. Getting it wrong though can sometimes be like pissing up against a wall and watching the urine run onto your shoe's.

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Have my gumboots so socks stay nice and dry.

Why is there no breakdown of the credit facility for Net zero.
Seperating what free money has been lent to settle customer payments and whats been used in running the company.
Slippery slope offering this free credit as well as mixing in repaying a bridge loan and general working capital all being drawn down from the same source.
what part of the 3.8 million will be getting repaid from Net Zero for this quarter.

EN1 Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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Ann: Q2 2020 Appendix 4C & Commentary, page-37

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