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Ann: Preliminary Final Report, page-28

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rolling

7,718 Posts.

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02/09/21

19:11

Post #: 55791194
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Originally posted by jake0002: ↑

Rolling - EDE DID disclose the Noble loan of $500k to the market.
The loan was made yesterday 1 Sept 2021.

"On 1 September 2021 Noble made a short term loan of $500,000 to the Company, which funds are to be used by the Company for working capital. "

So EDE announced that loan TODAY, 2 Sept 2021, in the Prospectus.
That loan was stated quite a number of times throughout that Prospectus.

yes, the loan was not made in a seperate ASX announcement - but I guess it was not necessary, as it was released via the Prospectus.

You seem to be focussing on the peripheral issues, not so much as the elephant in the room, which is the ability of EDE to survive over the next 12 mths.
And that issue IS highlighted by EDE in the Prospectus.
It is not resolved - only highlighted as an issue or "Risk".
And that would be why the SP dropped today, in spite of Noble and Board committing to pump in another $m+ in cash.

How are the shareholders in TAS feeling????

Won't be much value in TAS if TAS's investment in EDE goes down.

I still think (as does Nursery), that the "structure" of EDE, read ownership and control of EDE, needs to be torn up, and restructured. Need some independent management and directors to drive EDE. No more "closed shop". This is a public company.

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You are too dismissive of posts that are several steps ahead of EDE’s disclosures to the ASX, IMV.

You wouldn’t have known about the $500,000 loan from Noble (Solomons) if I didn’t share it. If you did learn about it you wouldn’t have shared it.

The loan shouldn’t have been buried in a RI prospectus.

ANSWER this question…..Why did EDE require a $500,000 short term loan when the Q stated that EDE was fully funded until February?

Please answer the question.

Last edited by rolling: 02/09/21

EDE Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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Ann: Preliminary Final Report, page-28

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Ann: Preliminary Final Report, page-28

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