The company stated it did not anticipate NEEDING to draw down on its debt facility until EARLY CYQ3 2024.
That means July - which is only days away.
There currently seems to be some ambiguity surrounding its debt financing arrangements.
Under “normal” situations - If there were no sufficient debt facility or instruments in place for “a” company (meaning that it may not be able to cover its outstanding debts and liabilities) it may mean that “a” company is trading insolvent and would need to expedite remedial financing ASAP.
Cheers
DYOR IMO
The company stated it did not anticipate NEEDING to draw down on...
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