VFX 0.00% 0.6¢ visionflex group limited

Ann: 1ST secures $2m standby loan facility from major shareholder, page-2

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  1. 7,974 Posts.
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    No doubt now that if cash is needed short term (which I do not believe it will be), we now have access to it and at a reasonable rate and not diluting our shareholding.  Also take note of the following comments:

    "Adoption of usage-based products Usage-based fees complement the group’s existing subscription-based MRR. The Company’s usagebased products include EasyRecalls, which was launched in the second quarter of FY16. Adoption of usage-based digital products accelerated in Q4 FY17 and fees increased to $55.5k for the quarter, up 145% from the previous quarter. 55 new sites signed up for usage-based products in Q4 FY17, and most new sites are expected to be onboarded during Q1FY18."
 
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