Ann: TasmaNet transformational acquisition and raise presentation, page-7

Have a look at the debt facility overview pg 19 of the presentation. It's interesting equity funding for regal. 10% interest first 3 months. 11% months 4-6 and 12% interest rate months 6 to 12 with interest capitalised so CCG will pay interest on interest with approx $300k establishment fee on about $6mil. I don't understand how the amortisation $300k per quarter works.

Payable in cash in the first 12 months.

It was the inability to carry Regals funding at market rate plus 10% that put FSG in the ground.

they better have the $ numbers right.