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.
- Forums
- ASX - By Stock
- GMV
- Ann: Notice of Annual General Meeting
Ann: Notice of Annual General Meeting, page-4
-
- There are more pages in this discussion • 449 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)