MPR mpower group limited

From what I understand:Cash in bank: $1.6mil + $3mil (tranche 2...

  1. 43 Posts.
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    From what I understand:

    Cash in bank: $1.6mil + $3mil (tranche 2 of CR) = $4.6 mil
    Loan Debt: $5.5 mil, due in July 2021.

    Asset Equity: approx $6.5 mil?

    My question is, if the loan needs to be paid up in a couple months, and revenue is less than operating costs, then what options does the company have?

    • Another capital raise?
    • Convince the bank to extend the loan....?

    Any feedback/comments appreciated.
    Last edited by Emty1: 12/05/21
 
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