What we do know, WKT needed an additional $465k in bridging loan, this would make up the total amount borrowed at around $2mil.
You did tell us WKT could request another bridging loan, it sounds like this was the case the QTR cashflow report wasn't a correct reflection of WKT's cash reserves, I did advise there is plenty of ways for the company to extend past the 30th of June by delaying payment term etc. which seems to be the case after the company announced an additional $465k was drawn.
I keep telling you, that WKT announcements normally ends up with more questions needing to be asked. Since you think you know the true story please tell us what these funds were required for and who provided the money.
WKT Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
