Hi Croc
If WKT did announce a term sheet this week, it makes a complete mockery of the high interest bridging loan, the higher the interest indicates the significant risk. the Bridging loan is paying credit cards rates of 17%. If these other funding options were certain, the directors and shareholders would have offered an interest free loan with options.
Wasn't the last Bridging loan which was needed last year, interest free with free options which expire next month?
Ann: All EPC equipment to be shipped from China, page-482
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