Ann: Preliminary Final Report, page-2

The debt structure is a mess. How do you have a short term secured loan with AFSG for $2m at 30%!!

then a seperate $2m short term unsecured loan at 20%.

And leave a longer term undrawn facility of over $6mill available that would have covered both these amounts at 6.45% + cash rate.

I guess they have left booker funds undrawn to payout these 2 loans as cashflow won’t allow it.

or we get royally Regal ed again in dilution.

clock is ticking on cash burn