TEK thorney technologies ltd

Ann: WAS: Acquisition of Debt , page-2

  1. 1,965 Posts.
    lightbulb Created with Sketch. 25
    Is it just me or do the terms of that loan sound crap? It's for a mere six months, if company doesn't perform, they just demand cash repayment. If the company does perform, they cash in at 1c/share.
    It's like 'borrowing' options in a company for 6 months, with the option to give them back at the end if they're not working out for you (but you get paid for the privelege in the meantime).
    Anyway I hope I'm misunderstanding the terms.
 
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