Ann: EG Deal Update, page-9

There is the outstanding $1M, which apparently the lender is happy to continue with.

The capital raising was underwhelming, even management were reluctant to commit.

They borrowed last year, just to get them over a slow period, then that temporary loan became permanent.

Now another loan PLUS Covid.

The deal with EG fell through as EG denied the waiver. OLI were to make EG a new offer but there has been no deal, despite extensions.

Not only are OLI unable to run a profitable business they appear to be unable to act in the best interests of the shareholders.