My post 19-Mar-2020
Quote from my post Re: CFE loan using EUR shares for security!
“A default / breach of the conditions is if the value if EUR falls under $00.07 per share or $2,100,000
The total loan amount, including interest is now not fully secured.
CFE is in default as per item 18b
Right now the EUR shares last traded at $00.04 each or a total of $1,400,000 which is a significantly less than the total loan amount owing including interest.
End my quote!
Please read all of the following.
Annexure A Events of default
Item 18b
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD5Q28yxmZo/F8ke92GA==
Ann: Trading Halt, page-21
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