Ann: MEL Investor Presentation AGM 2023, page-23

It is certainly a possibility. However, "inevitable" is not correct. "Substantially non dilutive" indicates to me another debt deal, but requiring options to be issued in order to be on equal standing as the existing facilities.

I am annoyed at the statements being made based on a lack of comprehension - whether that's confusing an AGM presso as being a cap raising presentation, or assuming that if a debt restructuring is required that it will need equity to be raised. The biggest statement being made is that they "don't have enough funds". Actually, they do - they have two signed loan agreements. Yes, there are issues with one lender, but the fact remains that signed agreement exists. The world is not black and white, and statements should not be made as fact if the poster does not know.