Ann: $10.5m in New Growth Funds to Unlock Larger Markets, page-36

thats 6.5% above 90day bbsy which is currently around 2.3%. so 8.8%.

the fact the funds are being used as colateral means the bank basically said we want more secuirty please and wasnt willing to lend/risk more on a SGA (fixed charge ober the business). a consequence of growing volumes.

i would have thought a margin loan, with head room, using underlying reckon shares as security msy have been cheaoer and to source a smaller line of credit to tap into if reckon shares dropped (ie, add capital to stave off margin call).