Ann: Proposed issue of securities - WFL, page-18

Because it takes 15 business days from draw down date to get access to the funds and that's based on a multiple of 7x volume and volume has been bugger all so far. The $288k shows they were desparate for funds to plug the gap.
PP really needs some big news to get the SP up and with volume or there will be a wall of shares on the sells side from GEM.
GEM dont keep the shares they flog them straight away that's how these facilities work