Also they have too much debt relative to revenue. The $6mill borrowed is at a rate just over 11%. That is a cost of just over $600k per year. Their margin last time I looked didn't cover their salaries as I remember. We can revisit that after the final report.
Ann: Quarterly Report and Appendix 4C, page-7
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)