More from the last quarterly! Hope the following #1 was a “typo”...

More from the last quarterly!

Hope the following #1 was a “typo”

#1 Quote - “On 20 January 2020 the Company entered into a short term loan facility for $400k,

secured by a fixed and floating charge over the Company’s assets.

Under the terms of the facility,

interest of $40k is payable on the repayment date of 20 February 2020

with penalty interest applying for the late repayment of funds.

Funds were drawn down on the facility on 20 January 2020.” end quote.


10% interest for one month = 120% per annum.

Going by the Mar-2020 quarterly EUR did not repay the short term loan on 20-Feb-2020!!!!


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Also Quote - “3B dated 29-Jan-2020

“Issue of Options (500,000) to WINANCE as COMPENSATION for NOT issuing an event of DEFAULT NOTICE to the Company in respect to the Convertible Note Facility”


And then the t. sage asked Winance for more cash!