Good comments guys.
Here's the worrying part. It seems NET is locked into a deal with Everblu.
"On 18 November 2019, NetLinkz engaged EverBlu pursuant to a mandate under which it was appointed as NetLinkz’s exclusive corporate advisor and lead manager for future equity capital raisings. The Mandate is for an initial term of 12 months expiring on 18 November 2020. EverBlu may terminate the Mandate at any time by providing written notice to NetLinkz. NetLinkz does not have a right to terminate the Mandate".
This is looking really messy. It looks like at least another 5 months of uncertainty, maybe 8 if the ASX's February share issue ruling applies. Maybe it's time to forget equity and start using debt, if they can afford the interest on the loan facility which seems increasingly unlikely unless revenue / profits start coming in real soon. I can't remember the terms for the loan facility and what the repayment schedule was, but if equity raising was NET's preferred course, then I suspect the terms weren't that attractive.
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