'This $500k is secured against the AWD assets and has significant interest obligations. And they've issued millions of convertible notes at a 20% discount to 5d VWAP - hence the sharp drop. These guys will offload all their shares quickly to mitigate the risk of a default by AWD.'
Complete rubbish. The loan is to be repaid using money from the EU loan with a fee of 75k being paid in shares. The price to be decided at the time. Hardly an issue.
Why is it always the people with no shares making grossly negative and false comments that on the surface seem designed to scare people????
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