Also the $5 million is payable with 60 days notice of payment. That makes it the latest the 3rd July 2021 funds need to be obtained.
Add the $5 million that was never paid and due in January 2021. Can be converted to shares at a 15% discount.
Add $770k that was due December 2020 not yet paid. Was expected to be paid in February 2021. Not paid.
Add the convertible notes discussed in point 4 of the funding facilities notes.
Add a significant reduction in sales from our abomination of December 2020 $8.9m receipts from customers now only $5 million.
Add $1.5 million quarterly loss to March 2021.
At Fat_Albert, does this all equal a company that is about to increase its share price tomorrow or a company boarders heading into administrator if it cant manage its debt. Blind freddie can see this. This is why 4c delivered post market close.
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