Looking at this clause in the debt facility, I don't think they were able to use it to get the 2mil required. 500% of the 15 day average volume in dollar value. Rough figures would be $60k x 5 meaning the most they could get would be 300K
This is the reason for the last time they accessed the facility with the strange amount under 400k.
Ann: Trading Halt, page-55
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Mkt cap ! $32.99M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $5.756K | 462.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6775158 | 1.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1804861 | 4 |
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