Current assets less Current liabilities = $22.5m However Current liabilities include circa $6.4m of NCL, $4.75m which is scheduled to be paid over the LOM. And reclassification of directors loan of $1.7m due for repayment 1st qrt/25.
That would reduce net working capital deficit to circa $16m.
$16m less COH$700k - $9m Oaktree's remaining cash injection from investment into EQR = $6.3m. Whilst not ideal definitely not as bleak as it looks on the report.
Excluding a potential earnings turn around, there are also 39m options that may be vested by end of financial year depending on the SP.
I'm sure I've missed plenty, that's just my simplistic summary so happy to be edumicated.
Ann: Letter to Shareholders, page-27
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
