IF the whole $10M is drawn, LVT will have to pay between $0.95M...

IF the whole $10M is drawn, LVT will have to pay between $0.95M and $13.5M a year in interest. This is still affordable given the cashflow of LVT and is not particularly high risk at this stage. For a tiny company trading at a loss, 13.5% from vulture capital (or was it venture) funds is not too excessive. I think LVT is trying hard not to go to shareholders for funds as they promised.

One positive is that at least Oneventures is bullish on LVT. Let's see what management has to say in the next 2 days. Don't know if the presentation will include a trading update but sure hope they have scored some new big customers. So far, the market has not taken a dump.