Hi @fooca,
It sounds like 20% of the capital borrowed... Kind of a security clause to pro rata the lenders fee in line with the level of borrowings.
Still, clauses like this are only ever approved to insiders and mates and in my experience smell like the rotting flesh of desperation..
Just proves how I allowed myself to jump into this without any thought and tried to ride the bubble..
Cheers,
TC
Ann: Annual Report to shareholders - FY2019, page-160
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)