Ann: Buddy Releases Pro Forma Unaudited 1H FY2021 Results, page-95

I think Estoril is talking about this:


So the company has now entered the "danger zone" where the shares sold under 0.04USD (0.051AUD) will be added to the loan. So if all are sold at around 0.04 AUD this will add around $624,000 to the loan liability. With sales expected to increase this is shouldn't be an alarm worth amount of debt added.

Would be interesting to know who is selling and why?

Feel by now the company should know not to issue shares to insto's and companies as they just get sold instantly for arbitrage. Offer retail a chance to buy inctead of us getting diluted for free.