Ann: Extraordinary General Meeting - Notice of Meeting, page-33

They should have 5M+ in the bank…and if cash was still coming in from Q2 sales and costs under control could easily be well north of that. The problem is is it enough to repay the debt and be self sustainable! I’m pretty sure we’re not yet. How much it would cost on triggering default is a big unknown for anyone looking from the outside

if the SP keeps on this trajectory, even another rights/cap raise and/or new, smaller debt issuance could be better than keeping the current warrant/debt (where the warrant still contains some nasties - change of control, impact on future raises etc). High risk stakes though.

interesting ideas to digest…the leadership team should be reassessing (as well as all holders) and potentially board should consider updating holders on the initial recommendation given all that’s happened recently. This one is clearly in our court as joint owners of the company, so wouldn’t say no to getting an update on direction/options!