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.
Ann: Investor Presentation, page-37
Add EDE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $7.357M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.258K | 1.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 202703899 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 7816407 | 5 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
0.2¢ |
Change
0.001 ( 33.3 %) |
||||
| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.2¢ | 2455365 | ||
| Last updated 14.14pm 26/04/2024 ? | |||||
| EDE (ASX) Chart |