Well of course it’s a publicly listed company and they should act in the best interests of shareholders which is why they have paid off all the convertible notes reducing dept.
The company has a small financial year loss because it’s revenues (down because of Covid) and new contracts have gone to paying loans off.
Borrowings of $2.3 M is questionable
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- Ann: Termination of Convertible Securities Purchase Agreement
Ann: Termination of Convertible Securities Purchase Agreement, page-39
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