Spenda owed $280,000 by Sydney Beer Co, page-5

  1. 17,321 Posts.
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    Wonder if that's part of the loan book Grapple bought from Spenda?
    Also noticed Spenda was into the DW and loan book (own funding) for circa $5.8m and sold for $4.6m all up a $1.2m loss.

    That loss will increase IF Spenda don't get all the monthly payments from Grapple, bad debts could raise their head given the borrower types and this is just one example.
 
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