I don't understand how they can show the undrawn component...

I don't understand how they can show the undrawn component of the $7.5m wholesale facility to be part of funding availability for the entire business.

My understanding is the wholesale facility can only be utilized to fund customer loans, NOT operating expenditure.

Therefore it would seem they are running out of funds at a higher rate than disclosed.

That is my understanding and happy to be proven wrong.