Ann: Operations update, page-5

If anyone's going to the AGM I reckon two questions:
-Do we have a "loan to own" scenario - given our cash flow?
-Do we have the liquidity to survive?

Take today:
Very strange trading at the moment from: 12:43 every 2 mins or so $19.20 trades at .038 (now .037 after short attack)
Keeping the price up - unusual for us - as bizarre and delusional as it seems are they going to thrash us with a CR?
Or more likely hiking to offload if we/Ven can't make the monthly premiums to "PURE Resources Fund"/Loan to Own?


"As announced to the market 14 June 2022, a $10 million debt facility from PURE Resources
Fund has been drawn down. Term: 48 months from first draw down. Interest rate: 11.0%,
reducing to 8.5% once certain operational cash flow conditions are met. Security: first
ranking security over Vintage assets, where joint venture arrangements permit. Financial
covenants include: requiring a minimum of $1.5 million cash in the bank. Early repayment
provisions use a sliding scale penalty of 1.5% to 1.0% of the funds."


Was going back over the Shareholder notices of lenders/shorters - a few jokers in the pack:

As part of the SSW Group, we provide liquidity of various liquidity classes in equities and ETFs. Based in Germany, we operate globally and trade across all time zones on various exchanges worldwide.

Type of agreement International Prime Brokerage Agreement
Parties to
agreement
BofA Securities Europe SA and Ssw-Trading Gmbh

Parties to
agreement
Merrill Lynch International and Regal Funds Management Pty Limited As
Trustee Of Regal Emerging Companies Opportunities Fund