EOS electro optic systems holdings limited

Ann: Update on Financing - Further Extension, page-2

  1. 7,546 Posts.
    lightbulb Created with Sketch. 1185
    If you owe the bank $100,000 & can not repay it, you have a problem - if you owe the bank $35 Mil & can not repay it, the bank has a problem.

    I hope that is the case. Hard to see security over the assets being a good option for them to call in the debt, so much is IP, could it be sold on or is it better to find a way for EOS to stay solvent until some decent contracts land.
    .
 
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