Frogster - Ask yourself the right questions, page-4

in the last quarterly report;

For the next quarter- being april to june quarter, it states that they will spend
about 800k for exploration and evaluation and
about 500k for administration..
thats about 1.3mill for the entire quarter..
it states about 3.7mill financing cash payments for the quarter.
so the total to be spent is about 5mill in cash..

at the beginning of the quarter they had about 4.5mill cash..
they did also get the 500k loan as a subsequent event.

so they had $5mill in cash payments earmarked and had $5mill in cash which included the new 500k shortterm loan (for which no details were disclosed other than it was for possible deposit for new asset)..

beyond that, nothing was stated as to whether the company could continue to trade as a company at all, seeing that they would have a net cash balance of ZERO but a loan of 500K on the books..
the sight of the $5mill existing credit standby facility is misleading because they did not use it but went into 2 further financing agreements (after the 500K loan) which are to the absolute detriment of shareholders investments.

Why is the $5mill credit standby facility on the quarterly reports ?
It is misleading to the readers decision making in terms of the company.
It paints a different picture to what seems to be the actual situation.
Looking at the 30 October 2013 (not November as stated on the quarterly) announcement of the $5mill credit standby facility, it was available until 29 September 2014.
So why is the $5mill credit standby facility being carried on the quarterly reports beyond the 29 September 2014 ?

Please can someone explain whether we the shareholders have been dealt with in a fraudulent manner ?
I am not accusing anyone of anything, within WHN for anything.
I am just trying to ascertain how and why our shareholder funds will now be diluted by 98% or so..