The 30mio facility isn't a loan facility. Its a capital facility where they issue shares into it, like doing an on market capital raise but over 3 years.
My guess is they raising another $15mio on the ASX which will be massively dilutionary, potentially a raise on the NASDAQ in Q3, again dilutionary,and then use the facility as working capital over the next 2.5 years remaining on the agreement - thats my guess anyways
Doesnt bode well for a share price rebound in the near future....but would indeed give them the necessary capital to grow the business....which they need.
GMV Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held