$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.
$4.5m to negotiate a convenant amendment so that EOS could...
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Last
$1.60 |
Change
-0.055(3.33%) |
Mkt cap ! $307.7M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.55 | $485.1K | 305.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 630 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.60 |
Change
-0.055 ( 3.52 %) |
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| Open | High | Low | Volume | ||
| $1.64 | $1.65 | $1.55 | 34177 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| EOS (ASX) Chart |