@LD99 Including OID discounts, the effective interest rate pa are:
Tranche 1: 16.4%
Tranche 2: 21.0%
You wonder what rates they were paying to previous sharks if they are refinancing at 16.4% and 21.0% to pay off prior debt.
Debt snowballing into more debt to pay off more debt. Ponzi debt scheme.
Ann: Cyprium Metals Secures A$21million of Funding, page-39
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