They recovered $3.4m of the term deposit. However this lending agreement reeks of desperation one can assume that the these funds were pretty much spent and solvency was an immediate issue. Otherwise they would have had 2 months of runway to get a better deal (bridging finance or alternative).
So that leaves the lending agreement we have. Which can only be drawn in 2 parts. $1.5m now - rest with a prospectus and an underwriting agreement.
$1.5m will last a month. Issue date 18/3. So this company has till about 18/4 to get this sorted, otherwise agreement defaults and AW owns dubber.
It would be really great if AW has a lot of associates who would like to make large commitments and therefore the raise would be a lot stickier and beneficial in the long run. I really hope for all of us this is what will transpire regardless of the price better alive than dead
They recovered $3.4m of the term deposit. However this lending...
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Last
4.7¢ |
Change
-0.002(4.08%) |
Mkt cap ! $42.27M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.0¢ | 4.7¢ | $67.61K | 1.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 870979 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 132786 | 1 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
-0.002 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| 4.9¢ | 4.9¢ | 4.7¢ | 573704 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| DUB (ASX) Chart |