Actually just looking at the prospectus, this loan is from a Charlie Mann to the company at 7% interest and has a fixed payment term of 3 years.
So if this company gets cashburn my mid-year, does that mean that Charlie can call his loan in and take over the shell?
Surely the ASX wouldn't have allowed a related party loan "for $1.6m of consultancy services" provided by Charlie prior to listing?
Caketin - can you advise?
Short Runway, page-10
Add TSN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.409M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| TSN (ASX) Chart |
Day chart unavailable