Domenic is still trying to paint a false picture of the debts and interest.
the only reason Vendor Payment has been extended to Oct 2017 is CM8 is paying 15% interest rate. and Domenic made no mention to use 6.25% to pay off part of 15% loan despite the company still has $5mil in the bank after the deal.
the company claimed in the last quarterly underlining EBITDA of $2.2mil and generate free cash every single month, so one really needs to ask where is the money?
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Ann: CM8 enters agreement to refinance debt-CM8.AX, page-146
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