$4.5m to negotiate a convenant amendment so that EOS could provide cash for a security deposit that brought in $55m in sales to a NATO country seems exorbitant to me, especially if the cash position of the Company is being improved through this large sale and reducing the risk for the Lender.
The big issue here is that EOS didnt get the appropriate legal agreement with the Lender prior to paying the cash deposit. Especially as we have an ex Freehills Partner on the Board. Hopefully there is a sensible resolution to this all.
Ann: EOS update re dispute with lender WHSP, page-8
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $246.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.27 | $1.122M | 873.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7938 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |