Hi Alexandria, does one need to be a shareholder to have an interest? Perhaps I was a potential shareholder who was put off by this loan and the very high cost of it, what is it, over 50% already as at June and still nearly 6 months of interest to be added on? Not bad for a 18 month loan.
Anyway, I guess we will find out in a few months, if not sooner, on how they plan to repay it, about AUD 1.5m owing.
That's a fair whack of shares just to pay the debt off if they need to do a raising, perhaps they will include it in the current raising rather than do another one in December?
All the best
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