Ann: Spenda secures $50m debt warehouse facility, page-106

Were you expecting a Big 4 to fund a DW for Spenda at this stage of its business?
I wasn't.
The DW is $50m from a 'prominent Australian private credit fund'. Given they had a lazy $50m available to place with Spenda for 3 years, I'd guess that they're not some Mickey Mouse outfit or some guys out of the Sopranos.
I'd also like to have some further details of the funding terms, but given what we're told (that it's on better terms than Moneytech and will enable the Company to increase net margins) it looks quite good for what a company at Spenda's stage of development could expect to attract.

I understand that you, qqqqqqqqqqqqqqqqqqqqqqqqqq, Extremeland, Xfiles and Lithiumburn have an objective to project negativity in everything that the company does and does not say, but I'm quite amused at the volume of negative commentary from your team about what is in fact a positive announcement. Particularly when you've all been lambasting the company for not having delivered the DW before Christmas or before 30 June.

It seems like you guys wanted there to have been a DW of at least $10Bn from JP Maorgan Chase or BNP Paribas at a rate of 2%pa, or nothing at all.