Ann: Quarterly Cashflow Report, page-4

2.16 m cash end of march
2 m payment to settle purchase in April
1 month of corp Expenses and salaries 150-200k
Loan drawn two days later after pmnt made

Loan = short term solvency
Be preapared for a big CRfolks. Forget talk of big lending facility. Which bank would lend significant funds to this group. The 860 aud would have been secured by assets including recent acquisition . Thus the order of settle and draw .
cR to follow consolidation . This loan buys 2 months