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Total BSWTFSo they cant use the proceeds from the 1st tranche to...

  1. xstereo
    172 Posts.
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    11/10/19
    14:44
    Post #: 40838539
    https://hotcopper.com.au/data/attachments/1766/1766063-9f8e9e9ea6c14b22eb18b3dd28eb2368.jpg

    Total BS
    WTF
    So they cant use the proceeds from the 1st tranche to expand the business
    March/April 2020 that's when the 2nd tranche will be complete
    Management would have drained the 1st tranche by then.
    Looks like this was setup to benefit management rather than growing the business

    https://hotcopper.com.au/data/attachments/1766/1766074-0517dbce832c146c57fe070950fa6059.jpg

    EVE Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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