HTG harvest technology group ltd
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on top of this, Paul's mates Schaffer & Gangus lent $4m to...

  1. Kyriaco
    1,996 Posts.
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    01/11/23
    09:44
    Post #: 70658965
    on top of this, Paul's mates Schaffer & Gangus lent $4m to the company to fund this acquisition via a con note at 9%, for 5 years

    This expires end of next year and when it does the company would have paid a total of $1.8m in interest

    therefore this acquisition would have cost the company 3.5 plus 1.8 - $5.3m in total and they have only
    increase revenue by $500,000 in five years, absolutely appalling !
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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