Ann: Appendix 4C Quarterly Cashflow Report and Commentary, page-243

agreed. they seem to think as the lender has granted a factoring facility that means they have done the DD for them and now to sit back and count the millions.

15% in today's historically low rate environment is hardly a lender that thinks they have a safe proposal on their hands. combined with the fact they are taking their repayments from sales and will only be released against invoices..

if they were stumping up a LOC at 5% then different story.

I understand everyone gets ahead of themselves with their enthusiasm for their own shares but there are one or two rampers on that forum that are bordering on immoral they way they are pumping mindlessly and I just hope people are doing their own research before making decisions.

funnily I went to SKN to have a read with the intent to make an investment but that 4c was less then inspiring and they openly make note of the possiblity to raise debt or equity for cash flow requirements. with no revenue on the board and a co that imo has a high possibility of needing a CR at a MC of 21M just didnt didnt seem right at this point in time.

dont get me wrong I want SKN to perform as they seem to be a large part of HCTs growth strategy but I think my money is far better of in HCT.