I ALSO agree that some recent events have not been positive. Look at my recent posts. The share price reflects this. We are all in this together. If someone needs to vent that's fine. I do it also
But this is the third time from this poster with the P&I rubbish about nearly all interest and no principle and calculating the share payment dynamic for a payment that has already been made in cash.
The repeated misunderstanding between interest P.A, effective cost and total cost of financing.
A$6m cash at bank. How many cash payments is that? Earnings per month? $700k?
Principle payment €450k per month.
Not that scary.
Yea, OK, Maybe there was no "flexibility" for the months of September October 2016 in regards to the option to pay with shares. GOOD! Have to pay principle every month. GOOD!
Then in 6 months time we will see that flexibility.
In the meantime shareholders have the confidence that debt is being reduced. I.E value being transferred to shareholders!
No excuses. No share payments below 25c!
CM8 Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
