Am I correct in reading that the company has used a new loan facility at 20% pa to purchase starlink inventory rather than use the existing 6.8% p.a (adjusted for cash rate movements) facility?
I also thought the regal funds money was used to purchase starlink inventory, where did the rest of it go?
So have they used all the regal money and now have a loan of $3.8m at 20% interest to purchase additional starlink inventory for a total of $5m of inventory?
Also am I wrong in thinking they have purchased inventory at 20% interest to then sell the product at potentially say a 40% profit margin( having a guess of retail margin)?
Is nobody concerned also about having only 2 quarters of funding remaining?
Surely some MASSIVE cost cutting must need to take place?
Taking out the Starlink purchases they are still spending an average of $7.35m a quarter if i read that correct???
I'm confused
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-25
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