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1,158 Posts.
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10/07/10
22:51
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I don't hold stock but I find this 'line of credit' interesting. I'm a 12 month newbie, learning the traps.
Is this 'line of credit' a facility, or is it another way of dilluting and selling an asset.
Is there a repayment structure, as in, a line of credit.
I thought shares or an asset is sold when a 'line of credit' is in default.
It seems through most of the posts, that this is a capital raising in disguise. Yet, Ya global is providing a 'credit facility'.
What the? Could somebody help me out?
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