Bit of a red flag Hoofa as you mentioned the financing arrangement as below means that IF they are able to raise $1,000,000 [unlikely given they were able to raise $400k in the last round] then half of that goes straight to repayment. Very surprising they are allowed to continue trading.
A $500,000 binding loan facility agreement with Mathew Walker, a Company director, is available
on call, unsecured, interest free and repayable on the earlier of the Company completing a capital
raising of no less than $1,000,000 or on 1 October 2022
Bit of a red flag Hoofa as you mentioned the financing...
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Mkt cap ! $5.959M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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