"The Company also needs time to build up new accounts receivable within LIFX Australia against which any draw down on the Facility can be made. This, naturally, will take some weeks"
Accounts receivable, is basically Sales, where the clients have received the products/services and need to pay (could be like payment terms of 2 weeks or 30 days to pay in full).
That's actually not good, since they need to build up more sales to support the drawdown facility
BUD Price at posting:
2.7¢ Sentiment: Hold Disclosure: Not Held