Ann: Company Update, page-15

Further to the previous announcement on 31 October 2018, the Company has now signed an agreement with Mr Geva to formalise the terms of the Loan Agreement. As previously announced, the amended unsecured Loan Amount is for up to US$10.0m, with any amounts received up to the date of signing attracting interest of 10% per annum until the Repayment Date of April 30, 2019.


I'm most impressed with this.  Clearly the Doc is seeing some very nice figures coming through in the first few months of the year to be able to pay back $10m.  That would have to come from either the listing on the NASDAQ or from revenue.  Either way, being cash positive and not reliant on debt will fianlly release the chains holding down the shareprice.  Overall a good annoucement and this will push the SP higher tomorrow.

It does shed light on a range of news we were all expecting, so good stuff there and GMV do sound very confident of converting MOU's into contracts.  It does answer one very big question we have not been able to ascertain.  The factory is NOT building any units at this stage. 

Next few weeks are going to be quite the ride!

Good luck all, get ready, get set.  This looks to be the bottom from here on.