poor announcement from ggp, page-22

How are Verus allowed to trade when they never posted a March Quarterly?

At half yearly December Verus had $ 573,983, since I cant find the Quarterly on Commsec.how much is left?

Which brings me to the Verus secures AUD$10 million financing facility.


"Subject to terms and conditions of the drawdown facility, Verus may, at its election, issue shares for purchase by Truestone at any time during the next 12 months. Shares issued to Truestone will be priced at 85% of the lowest of the daily volume weighted average price (VWAP)"


If VIL is not earning an income, will they use this draw down facility?

Which means dilution!