I recall there was an earlier WZR warehouse than that one with NAB, they had an prior iteration with Bendigo Bank. I agree that with both the interest rate wasn't divulged, however the institution was named and they didn't have to issue options. The fact Spenda is being selective with the information is probably an amber flag to me, especially since this Debt Warehouse has been touted by the company as the biggest thing since Moses parted the sea. Shouldn't shareholders, and potential investors, get to know the nitty-gritty? Or do they just have to take it at the word of management that this is a great deal...?
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