EDE 0.00% 0.2¢ eden innovations ltd

No one seems to be commenting on the new debt/ equity facility....

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    No one seems to be commenting on the new debt/ equity facility.
    I have not studied it in detail, because I started to read some of the sparse detail, and just shook my head.


    These types of loans are a "Lender of Last Resort" type of facility IMHO.

    I have seen these types of deals from the US made to Aust coys operating in the US - and they have never ended well for the company concerned. The only entity to come out on top is the lender/equity participant.

    It is desperation stuff IMHO.

    It will be approved at the AGM, because the board and their holdings can vote. It is an Ordinary Resolution.
    I don't think we see any of the detail, such as the "warranties" etc which are mentioned as conditions-precedent etc etc.
    All I can think of, is that it must be desperate for the board to countenance issuing so many new shares (dilution), and pay such fees.
 
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