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Ann: Spenda secures $50m debt warehouse facility, page-545

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  1. 21,913 Posts.
    lightbulb Created with Sketch. 899
    Ok so assuming $50m is lent out eventually at the alleged 19% pa
    $50m @ 19% $9.5m gross
    Say 9% net = $4.5m
    = $1.12m quarter income

    @ say $200k transaction rev quarter

    $1.3m quarter
    Still doesn't cover the wages alone



    100% best case if fully utilised and no bad debts

    Warnie how is this a game changer or no longer a speccy


 
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