MeToo looks like ASX were following some of your points in the drawing or not drawing of the Winance funds.
Still can not get my head around the company submitting the loan funding request on 4 March and waiting 8 weeks before advising shareholders that it had not been made.
Company only found out after the quarters report for March 2020 was lodged that the bank stopped the funds being advanced. Questions have to be why did the bank stop it, were they concerned over Winance financial position or EUR.
Also did no one in the company think to chase up Winnace over those 8 weeks from 4 March until 30 April and ask where the $2m was. With such low cash in the bank, someone must have been checking.
And as to when the $2m funds may be available, well according to this reply "post impact of COVID-19" which means we have not got a clue.
Where to from now
EUR Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
