Ann: NAB Defers Interest Payments to Facilitate Revenue Growth, page-6

I'd say nothing near what they want on an EOI was the failure - if they even got an offer of any sort.

Gotta love the announcement stating the payment is deferred 'to a future date to be mutually agreed' - i.e. we don't know when we will ever have money. And 'NAB are also considering the deferment of the subsequent two quarterly interest and facility fee payments'. Cracker lines to feed out!

NAB is single handedly dictating the solvency of Cann Group, and likely has been for quite some time. We can all read between the lines; it's not to save Cann Group - it's to try save their investment as it's gone anyway. A last hail Mary!